Hello guys,
As we can see in this chart layout we still have XRP in this huge triangle dating all the way back to January. The reason why I believe this triangle still hasn't broken and we're still accumulating in this price range is because there still hasn't been any clarity on the Ripple case with the SEC. I won't say I'm expecting the price to breakout after the case has been resolved, but that could be on of the factors that triggers the breakout of this pattern. There have been many Bullish news for XRP recently including the partnership with Bhutan's Monetary Authority in the UK, so Ripple can be the bridge to a CBDC development.
Fibonacci Price Targets: $3 (Close to ATH)
$5 (New psychological ATH)
Summary:
1. XRP is a Triangle waiting for a breakout of the upside.
2. Ripple winning SEC lawsuit could trigger the breakout.
3. Ripple partnership with a UK Central Bank Bhutan's Monetary Authority.
4. In the upcoming months we could see XRP heading to the last ATH.
As we can see in this chart layout we still have XRP in this huge triangle dating all the way back to January. The reason why I believe this triangle still hasn't broken and we're still accumulating in this price range is because there still hasn't been any clarity on the Ripple case with the SEC. I won't say I'm expecting the price to breakout after the case has been resolved, but that could be on of the factors that triggers the breakout of this pattern. There have been many Bullish news for XRP recently including the partnership with Bhutan's Monetary Authority in the UK, so Ripple can be the bridge to a CBDC development.
Fibonacci Price Targets: $3 (Close to ATH)
$5 (New psychological ATH)
Summary:
1. XRP is a Triangle waiting for a breakout of the upside.
2. Ripple winning SEC lawsuit could trigger the breakout.
3. Ripple partnership with a UK Central Bank Bhutan's Monetary Authority.
4. In the upcoming months we could see XRP heading to the last ATH.