All in on Ripple, breaking triangle

XRPUSD

I don’t know if you guys remember my last Ripple post on October 26 these year,

, well this is an update.

And I’m glad to mention that it seems that now, finally we are breaking out of a 6-month consolidation triangle on Ripple, as seen in the chart. One thing we now about Ripple, it spends almost all year doing nothing, buy then, in 1.5 or 2 months makes a huge rally, last time it went from half a cent to 40 cents, and 80 to 1 rally. Well see if we make a 10 to 1 rally on this one, from here to the end of the month. My target is from 1 to 2 dollars.

We are now in intermediate 5 wave on Ripple, according to my Elliott Wave Analysis, with a target of $2.2 dollars, as mention in my previous post,

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We’ll see how high we go from here to the end of the year. All I can say is, I’m all in on Ripple right now.

Good Luck to You

Commentaire:

Ripple definitely broke its symmetrical triangle pattern to the upside just a few days ago, and as I mention before, the upside potential is huge from here.

However, in the short term it is facing short term resistance of 28 and 30 cents respectably, and it is a little overbought, so it is possible that it struggles to break above there for a while and maybe retrace a little.

Here is today’s news that pushed Ripple to the upside: www.coindesk.com/tec...n-ripple-hedge-fund/

Good Luck to You All