XRP mkt cap bullish ascending triangle (10% increase to come)
This ascending triangle on the XRP mkt cap chart indicates a bullish sentiment of increasing market cap is on its way. The accumulation pattern, regardless of where it forms, is usually a signal of impending bullish movement. The projected market cap target is equal to the height of the height of the triangle, which is equivalent to a 10% movement. Upon penetration of the upper resistance, we expect the market cap to move up a whopping 10% -- adding the widest part of the triangle to the breakout position. This pattern is considered to be valid by us because both the upper resistance and lower support of progressively higher lows has been touched at least twice.
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