Ripple - breakout confirmation or just not yet
Updated
Finally after a very long time XRP punched through the triangle formation (consolidation period). However, the battle is still on to see if this marks the beginning of a major uptrend. On the 5 minutes chart we can see very clear the resistance turned support between $0.26600 and $0.26900, exactly at the triangle upper edge. Most likely, with so many positive news opportunities and the BTC reaching the psychological level of $10.000 which might trigger a massive sell-off, Ripple XRP is poised to go up from there. Good luck to all if you are or thinking to trade XRP
Trade closed: stop reached
Fake breakout ... the BTC price drop affected all cryptocoins markets and triggered a rebound of XRP back into the mid-triangle. I guess more consolidation is needed before the major up-trend starts. I posted a new idea about a cup and handle formation in development
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