XRP has been a laggard in this recent market, however this has also been true of previous market cycles where everything but xrp seems to moon. But then, out of nowhere....boom, absolute jizz fest.
So given previous history, XRP fan boys may finally have something to be happy about.
Price is forming long term ascending triangle pattern outlined in yellow.
Most recent bounce occurred exactly on trendline.
Strong bull div has emerged on daily suggesting selling pressure is waning.
Repetition of previous bounces would suggest target of roughly 9900, however if pattern was to breakout we could go much higher following a retest of the top of the ascending triangle.
A strong increase in volume would be needed to cross over the 50, 100, & 200 ma, but given how explosive xrp's moves can be....
Defo one to watch.
So given previous history, XRP fan boys may finally have something to be happy about.
Price is forming long term ascending triangle pattern outlined in yellow.
Most recent bounce occurred exactly on trendline.
Strong bull div has emerged on daily suggesting selling pressure is waning.
Repetition of previous bounces would suggest target of roughly 9900, however if pattern was to breakout we could go much higher following a retest of the top of the ascending triangle.
A strong increase in volume would be needed to cross over the 50, 100, & 200 ma, but given how explosive xrp's moves can be....
Defo one to watch.