XRPUSD Descending Triangle Break Out
XRP looked like it was going to dump down to retouch Santa's Lair around 0.40 and the general long term uptrend when it was posting this scam wick down earlier this morning, but it couldn't even wick that low. The price of XRP kept getting bought up before it could reach a new lower low. This being said, XRP just formed a higher low right in front of our eyes and is looking like it wants to continue this bullish momentum.
XRP just broke out of its descending triangle keeping the price down to the upside which is very bullish. It has also already backtested the levels of support needed to hit in order to properly move up without some major correction.
With the SEC case still looming and being pushed back as well, technicals are lining up for this coin and for 3 years it has been a sleeper. If this coin actually had dirt on it or the founders it'd be at zero right now and they'd be in jail but people keep buying up the supply no matter the decision.
From here, i'm expecting XRP to hit the next TP's in its path before hitting the 2018 local high created after the ATH from its 2017 bull run. TP1 has already been 1st touched at 0.51733, but this momentum looks like thats going to be cleared and turned into support on the next move up. After this, XRP should be looking at hitting TP2,3&4.
TP1 🎯 $0.51733
TP2 🎯 $0.537
TP3 🎯 $0.562
TP4 🎯 $0.572
XRP just broke out of its descending triangle keeping the price down to the upside which is very bullish. It has also already backtested the levels of support needed to hit in order to properly move up without some major correction.
With the SEC case still looming and being pushed back as well, technicals are lining up for this coin and for 3 years it has been a sleeper. If this coin actually had dirt on it or the founders it'd be at zero right now and they'd be in jail but people keep buying up the supply no matter the decision.
From here, i'm expecting XRP to hit the next TP's in its path before hitting the 2018 local high created after the ATH from its 2017 bull run. TP1 has already been 1st touched at 0.51733, but this momentum looks like thats going to be cleared and turned into support on the next move up. After this, XRP should be looking at hitting TP2,3&4.
TP1 🎯 $0.51733
TP2 🎯 $0.537
TP3 🎯 $0.562
TP4 🎯 $0.572
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