Using the fractal from November 2020 to April 2021, we can see the similarities and potentially see when XRP could breakout. When it gets going, I believe XRP can easily hit $10 based on its full fib extension of its past bull run.
We have another ascending triangle forming on the weekly timeframe, similar to the previous ascending triangle.
In the previous triangle, we had a breakout after the price broke resistance. I suspect the same will happen when we break current resistance of around $1.59.
XRP has bounced off the supporting trend line perfectly after the recent correction we had...
In the previous bull cycle, XRP got rejected at the 0.702 Fib level in April of 2017 but once XRP finished correcting, and it broke the 0.5 Fib level in May of 2017, the price exploded to the top of the full Fib extension.
Right now we are seeing the same. The price got rejected at the 0.702 fib level in the month of April 2021 and we are slowly retracing back,...
We have a huge ascending triangle on the weekly with a rising RSI. The MACD is also in the positive zone, recently bouncing off the signal line.
We are looking for a strong impulsive wave to the upside after breaking the triangle.
Things are also looking positive with the recent SEC vs. Ripple case as the SEC recently acknowledged that third parties like...
