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Launchpad formation____________
Xrp still bouncing off this support line.
This is still the same support zone that goes all the way back to 2021 straight after Xrp had gone up to $2.00. And no doubt forming a launchpad into the next bullrun.
When Xrp fell below this support in 2022, it acted as resistance whilst Xrp gradually trended upward.
We also see below that upwards trendline lower highs were formed supporting the increase in price action back to the support zone.
We had the recent big breakdown below this yearly support zone, then we pushed back up above the trendline and here we are back on this crucial support zone that used to be resistance. This is why I now call it the launchpad to a new all time high.
Expect no less than 0.70 cents by February or something bigger to occur.
This is still the same support zone that goes all the way back to 2021 straight after Xrp had gone up to $2.00. And no doubt forming a launchpad into the next bullrun.
When Xrp fell below this support in 2022, it acted as resistance whilst Xrp gradually trended upward.
We also see below that upwards trendline lower highs were formed supporting the increase in price action back to the support zone.
We had the recent big breakdown below this yearly support zone, then we pushed back up above the trendline and here we are back on this crucial support zone that used to be resistance. This is why I now call it the launchpad to a new all time high.
Expect no less than 0.70 cents by February or something bigger to occur.
註釋
So let's not forget. Xrp was resisting this zone, and it's now acting as support! This is bullish for Xrp.
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