Legendary Golden Cross on XRP happening right at triangle apex
This chart screams bullishness. We are just a few weeks max from the apex of this symmetrical triangle on the xrpusd weekly chart and we are also about to have a weekly golden cross(where the orange line goes above the blue line) Doesn’t take a TA expert to see on this chart what tends to happen when this weekly Goldencross occurs on xrp. Obviously this isn’t financial advice but if I had to take a mildly educated guess of what the outcome with the highest probability of happening here is I’d simply say:UP!!!
Comment:
The two golden crosses shown here before the current impending one ended in fireworks for price action. Seems like probability highly favors the same for this cross as well. If so $2.45 is a very plausible target, however I may have to move it slightly depending on the precise location it breaks up from the triangle at, the current spot is just an arbitrary guesstimate of the breakout point. Whatever the point ends up being that should only cause the measured move target to fluctuate by a few cents at best.
Comment:
XRPs ast weekly candle closed the top right corner of the candle body above the trendline and currently our new weekly candle is currently retesting the top white trendline of the symmetrical triangle as wick support
Comment:
Xrp dumped just enough to close its weekly candle back inside the triangle. Seems the market manipulators are gonna stretch this one out as long as they can.
Comment:
Current pump on xrp could get sustained. Super important that whether it continues to pump or corrects that 65-66 cents is flipped to solidified support.
Comment:
The weekly closed with a very big and slightly concerning bearwick but it also closed above the top trendline of the triangle and the current weekly candle is currently retesting that top trendline as current precise wick support. Of course it’s still very early in the current weekly candle so it’s still quite possible it could dip back inside the triangle, but should the current weekly candle also close above the top trendline of the triangle, giving us 2 consecutive weekly candle closes above it, then we may very well see confirmation of the breakout sooner than where I arbitrarily placed the dotted white measured move break out line.
Comment:
3 consecutive weekly candle closes above the top trendline of the triangle now and officially our first monthly candle close above the top trendline of the triangle.