XRPLong
BREAKOUT OF FLAG - HODL! $3.00 SOON
As illustrated, price has respected the HODL area after breaking out of the bullish flag.
BTC's break to ATH has helped the general uptrend in the industry, and XRP continues to follow.
It was necessary to have had an accumulation phase the last couple of weeks. It comes to show that the market just made a stop in the uptrend.
Unless there's a break to the downside with significant volume and strength closing below $1.500, then XRP should continue to hold the psychological price of $2.000 .
Should momentum continue this whole week, we could see XRP reach $3.00 in the next few days, and potentially ATH above it by the end of the year and into 2025.
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GOOD LUCK!
BTC's break to ATH has helped the general uptrend in the industry, and XRP continues to follow.
It was necessary to have had an accumulation phase the last couple of weeks. It comes to show that the market just made a stop in the uptrend.
Unless there's a break to the downside with significant volume and strength closing below $1.500, then XRP should continue to hold the psychological price of $2.000 .
Should momentum continue this whole week, we could see XRP reach $3.00 in the next few days, and potentially ATH above it by the end of the year and into 2025.
--
GOOD LUCK!
Note
The last two 4H candles look appropriate; one being a strong bullish candle breaking previous highs, and the following one being bearish holding above the broken high of $2.597 ; this shows that buyers are in control, and the uptrend is holding.
If the channel that tried to visualize gets formed and holds, we could see XRP break the $2.900 by Friday or early next week (Tuesday).
At this point, $2.4500 is a key pivot area and a price that should hold as support in order for the breakout to occur sooner than later.
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