Xrp - The First Of Two Massive Breakouts!

Xrp (XRPUSD) is still creating bullish structure:

Click chart above to see the detailed analysis👆🏻

Despite the overall crypto market weakness Xrp is still holding and even rejecting the lower support trendline of the symmetrical triangle pattern. Xrp also created another short term triangle within the long term triangle, so two major breakouts might happen pretty soon.

Levels to watch: $0.6, $1.0

Keep your long term vision,
Philip (BasicTrading)

Trade active

Trading update on Xrp (XRPUSD):

Click chart above to see the detailed analysis👆🏻

And Xrp is almost back to the upper resistance trendline of the shorter term triangle pattern. A breakout is immanent and if the entire crypto space finally starts the next major move towards the upside, specifically Xrp will most likely capitalize overproportionally

Levels to watch: $0.65, $1.00

Keep your long term vision,
Philip (BasicTrading)

Trade closed: target reached

Trading update on Xrp (XRPUSD):

Click chart above to see the detailed analysis👆🏻

Over the past three months, Xrp more than quadrupled its price, perfectly following the bullish triangle breakout analysis. Now we actually have a new triangle emerging which could lead to another massive breakout and an all time high rally. But after the recent pump, a short term retracement is quite likely.

Levels to watch: $2.00, $0.70

Keep your long term vision,
Philip (BasicTrading)

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