Good news is we made old resistance as support so far. Descending triangle is a bearish pattern normaly but let's see how this is playing out!
Consolidating in a big pennant. Expecting the move up, unless brother bitcoin deciding other things.
Like expected yesterday, we got a 3th touch on the lower trendline of the falling wedge. Little bit more of a sellof under the trendline because the (fud) rumour that xrp wont settle soon with the SEC Now we breaking out of the wedge, waiting for conformation + volume. Lets see, hit the like if you hold some XRP and waiting for at least 1 dollar!
Lets get a nice wick in the 46 cent zone to hunt some stoplosses and provide liquiditeit for the next move up
Nothing special happened, some weak hands were shaking out of this market. Lets see what btc next step is.
Currently the alts are dipping a little bit. Xrp is consolidating in an ascending triangle Will we see 80 cents soon or back to 44?
Waiting for a breakout to blast to the 2000 dollar mark.
Looks like xrp has a upward consolidation in a rising wedge. Breakout has to be anytime soon, 0.40 or 0.75?
IMO chainlink is leading the market right now. ETH wil follow soon. Also something interesting i found out : When btc broke it ATH at 20.000 -> after 8 days it rose 28% When eth broke it ATH at 1400 -> after 8 days it rose 28 % After btc rose 28%, it did a 75% pump in 2 weeks That means that if eth would do the same, on 24 february the price would be...
Say it If you take out that telegram group pump, we would have actually a nice bullish pennant;)
Give me! textbook S/R flip But please, dont make pump groups more for xrp.
Often xrp tends to skip retesting levels. Back to 0.50c! (And more):)
Chart speaks for it, could be a massive breakout anytime soon
Chart speaks for it;) Breakout target would be 0.50 somewhere