easonjm11

Breakout or Breakdown?

Long
XRP seems coiled for action. this is a fantastic time to accumulate as much as possible for sub $0.30. XRP is floating right above major support in a massive triangle consolidation pattern that could result in a breakout to the upside. Inside the triangle the price has formed a head and shoulders. Generally, this is a bearish sign. But, given the consistent good news from Ripple adding new clients, BTC bottoming (probably), and Ripple updating the network on Feb. 27th, there is room to move to the upside. XRP has been quiet for weeks. All the signs are there! Feb. 24th-28th is a very important range for a potential breakout or breakdown...
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