XRP - Biggest Trendline In The History
Hi, this is my new update for XRP.
As you see we are getting ready for one of the biggest breakouts in the history of cryptocurrency. We are stuck under this downward sloping trendline for 7 years. We got rejected 8 times in 7 years, but now with the help of the up-sloping trendline we are getting closer for a breakout.
We have had similiar situation on February 2017. As you see in the yellow circle first we got a beautiful fakeout under the up-sloping trendline and then we got the momentum to break the downward sloping trendline. I expect we are going to get the similar price action this time too and my main target for XRP after the breakout is around $5.
Once we get above the resistance 0.75 then we are ready to takeoff, but at the same time we need Bitcoin to get above 74 000, otherwise things will get complicated.
As you see we are getting ready for one of the biggest breakouts in the history of cryptocurrency. We are stuck under this downward sloping trendline for 7 years. We got rejected 8 times in 7 years, but now with the help of the up-sloping trendline we are getting closer for a breakout.
We have had similiar situation on February 2017. As you see in the yellow circle first we got a beautiful fakeout under the up-sloping trendline and then we got the momentum to break the downward sloping trendline. I expect we are going to get the similar price action this time too and my main target for XRP after the breakout is around $5.
Once we get above the resistance 0.75 then we are ready to takeoff, but at the same time we need Bitcoin to get above 74 000, otherwise things will get complicated.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.