XRP's bullish momentum, breakout
No doubt XRP has show it has strong bullish momentum and strong support resistant to the corrections in BTC or ETH. The SEC case developments have becoming heated and are attracting a lot of attention. Depending on more big news coming out of the case, it could start it's bullrun into new ATH's.
As it approaches it's new monthly high, it's finding support along a simple trend line and forming an ascending triangle where it could breakout and see parabolic action given the run it just had and the bullruns it has had in the past.
As it approaches it's new monthly high, it's finding support along a simple trend line and forming an ascending triangle where it could breakout and see parabolic action given the run it just had and the bullruns it has had in the past.
Заметка
Referencing a post on the front page regarding failed breaks (uses XRP as an example) XRP broke out of this wedge, however, seems like the momentum might not be enough and a bullish trend reversal is imminent. The fractal nature of price action strengthens my confidence in this playing out to the upside.
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Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.