Ripple - Repeating Pattern?
Hello traders, hope you're having a good day.
Here we have a XRP/USD 1H chart.
I found a repeating pattern here.
At the end of 2017 Ripple doubled its value (from ~ $1.25 to ~ $2.5) and then lost about 36% of it, back to ~ $1.6. It recovered some of it and started a sideward trend and shortly afterwards skyrocketed to ~ $3.2.
Ripple now fell back to the $2.5 area where it bounced and had a try at $3 but failed.
But it broke out of the downtrend and starting yet another sideward trend. ($2.6 area)
Will Ripple once again break out of the sideward trend and repeat what happened at the end of 2017?
Maybe new all-time highs?
Share your thoughts!
Here we have a XRP/USD 1H chart.
I found a repeating pattern here.
At the end of 2017 Ripple doubled its value (from ~ $1.25 to ~ $2.5) and then lost about 36% of it, back to ~ $1.6. It recovered some of it and started a sideward trend and shortly afterwards skyrocketed to ~ $3.2.
Ripple now fell back to the $2.5 area where it bounced and had a try at $3 but failed.
But it broke out of the downtrend and starting yet another sideward trend. ($2.6 area)
Will Ripple once again break out of the sideward trend and repeat what happened at the end of 2017?
Maybe new all-time highs?
Share your thoughts!
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