Dear,
Let's take a look at the 6 monthly chart.
Since 2017 we came down from an all time high and we are forming a triangle formation with lower highs and higher lows. Because of the duration of this pattern we can expect a huge breakout once the pattern is broken.
Currently we are testing the downtrending trendline for the 5th time. We previously rejected from the trendline 4 times in the last 5 years. Once this pattern is broken i think we can move fast towards 2 dollar. I will keep an eye at the closing of the monthly chart. It will gives us a view of what comes next.
If we close this monthly candle below the downtrending trendline we maybe have a other 6 months of moving in to the triangle formation.
if we can break bullish i believe there will be a new ATH for XRP in 2024.
Let's take a look at the 6 monthly chart.
Since 2017 we came down from an all time high and we are forming a triangle formation with lower highs and higher lows. Because of the duration of this pattern we can expect a huge breakout once the pattern is broken.
Currently we are testing the downtrending trendline for the 5th time. We previously rejected from the trendline 4 times in the last 5 years. Once this pattern is broken i think we can move fast towards 2 dollar. I will keep an eye at the closing of the monthly chart. It will gives us a view of what comes next.
If we close this monthly candle below the downtrending trendline we maybe have a other 6 months of moving in to the triangle formation.
if we can break bullish i believe there will be a new ATH for XRP in 2024.