Breakout Looming
Very simply, I've seen ascending triangles like this one pop before. The RSI is climbing, but not oversold, and XRP is still below $0.25, which was long-term resistance, and has been climbing back to that level in spurts since the drop to $0.18 or so. Expect a pop in less than two days. If it can run and close over $0.25, XRP may be poised for another long. However, until Ripple begins selling 100% of its' monthly escrow release, the price will be volatile, speculative, and any climb should be questioned.
Note
Wicked over $0.25, but the appearance of Lord Bart invalidates the trend. Unless the candle comes back up to close above the trendline, this one will have to be reevaluated.Ordre annulé
Forward momentum halted in conjunction with a Bart event. Climb above $0.25 will have to wait for BTC to drag it up or Ripple to make decisive advances with XRapid.Note
Looks like it did eventually break out, but not before BTC pulled it down a bit.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.