XRP BREAKOUT! IMPORTANT ANALYSIS
Hey! I hope everyone is having a great day! I know crypto and XRP holders alike most definitely are. The pullback we've seen this week has been in the least to say phenomenal and it's good to see those technical analysis' do some work.
I've linked one of my related ideas that detailed my scenario's for crypto in general and that will help with a bit more detailed info if you'd' like to take a look, thank you.
Getting down to the Technical
As I noted in my linked idea, we've been in this Ascending Triangle since February and crypto in general has been pulled back up following the triangle perfectly even to this breakout we are looking at today. We've broken through the crucial .84 resistance which up until this point has been where we've usually been met with dumps. Instead, we are sitting at 0.897 now just hovering above the triangle to put it. This isn't just XRP itself, bitcoin and the crypto market is in this same trend so we shouldn't expect XRP to just continue to rage on without any hiccups. We could see the market pull back following this breakout. After all, following a big move, most often the opposite will follow. It likely won't bring us back down drastically but it definitely should be expected of market makers to try to play this market as best as they can today for profits. However the chances are pretty high that we will continue to see a recovery of the market as a general and market makers will definitely try to sell and dump so be aware and be confident! The future is bright. Especially for XRP 'Hodlers'
In General
One way or another, in the long run we'll definitely be looking at $1 soon enough and so on. The market has been hit by a multitude of events and circumstances we haven't even seen or dealt with since the Cold War. Or the inflation rates which have been rocking the market. Amongst all that, crypto has managed to recover amazing considering all. It has proved a test of it's might. And in the long run, we'll see just how much Ripple and Crypto will fly.
Thank you for taking the time to read this and if you'd like to leave a like and follow or share it would be much appreciated! Keep tuned for more updates and have a great day!
~ Rock
I've linked one of my related ideas that detailed my scenario's for crypto in general and that will help with a bit more detailed info if you'd' like to take a look, thank you.
Getting down to the Technical
As I noted in my linked idea, we've been in this Ascending Triangle since February and crypto in general has been pulled back up following the triangle perfectly even to this breakout we are looking at today. We've broken through the crucial .84 resistance which up until this point has been where we've usually been met with dumps. Instead, we are sitting at 0.897 now just hovering above the triangle to put it. This isn't just XRP itself, bitcoin and the crypto market is in this same trend so we shouldn't expect XRP to just continue to rage on without any hiccups. We could see the market pull back following this breakout. After all, following a big move, most often the opposite will follow. It likely won't bring us back down drastically but it definitely should be expected of market makers to try to play this market as best as they can today for profits. However the chances are pretty high that we will continue to see a recovery of the market as a general and market makers will definitely try to sell and dump so be aware and be confident! The future is bright. Especially for XRP 'Hodlers'
In General
One way or another, in the long run we'll definitely be looking at $1 soon enough and so on. The market has been hit by a multitude of events and circumstances we haven't even seen or dealt with since the Cold War. Or the inflation rates which have been rocking the market. Amongst all that, crypto has managed to recover amazing considering all. It has proved a test of it's might. And in the long run, we'll see just how much Ripple and Crypto will fly.
Thank you for taking the time to read this and if you'd like to leave a like and follow or share it would be much appreciated! Keep tuned for more updates and have a great day!
~ Rock
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