raulovidiu31

XRP 5 Year pattern

Long
The XRP price has been forming a triangle pattern on the weekly chart. The pattern has been forming since 2018 and it is clear that the price as well as the RSI is being squeezed. There is still a long way this pattern could unfold over however if the BTC dominance start falling we might see a break sooner than expected. The hypothetical target would be around the 50 dollar mark however that might be too much to expect before the end of this bull run. Personally i would buy some when the price breaks above resistance on the weekly and aim to take profits at 10, 20 and the 30 dollar mark. A low leverage trade could also be used however i would not over leverage as the fees are high during a bull run and the target will take months to reach.
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