XRPUSD Trend Analysis
Updated
Xrp is following the same retracement pattern to breakout into a new high.
For instance, the first retracement after it hit a new high fell through one support level then broke into a new high.
Now we are seeing the same pattern repeat itself, this time it broke through two levels of support, and is now on track to making a new high.
Depending if the candle closes above the new high i think another breakout is possible.
I say buy in, also there is talk about ripple being added to coinbase, as well as deal with amazon uber and airbnb.
A definet hold in my portfolio!
For instance, the first retracement after it hit a new high fell through one support level then broke into a new high.
Now we are seeing the same pattern repeat itself, this time it broke through two levels of support, and is now on track to making a new high.
Depending if the candle closes above the new high i think another breakout is possible.
I say buy in, also there is talk about ripple being added to coinbase, as well as deal with amazon uber and airbnb.
A definet hold in my portfolio!
Trade active
So far the candle closed on top, and formed a new high. It held support and made is now trying to push into a newer high, i don't know how far up it can go. Possibly a .60$ psychological resistance level.
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