Ripple Breaks Out Of A Triangle And Moves Towards 0.8-1

13 lug 2023

After a break out of a triangle two weeks back on Litecoin, Ripple now does the same after a huge win in its case against the SEC.

This is also good news for some other ALT coins of course, but don't fall into the "over-crowed" trade here. Price is approaching imp. 0.8-1.0 level.

However, price is approaching some technical resistance here at 0.8-1.00, so dont fall into FOMO. Be aware of a pullback as this can be a bit over-crowded reaction. Everyone are looking to buy now... Elliott wave suggests to wait on a retracement, ideally, next big wave E.