I've been analyzing the XRP chart and noticed a recurring pattern in the trend line. Specifically, the last two significant moves to the upside have shown an increasing delta between the highs and lows. This widening range caught my attention as it suggests growing volatility or momentum in the market.
Key Observations:
Increasing Delta: The gap between the highs and lows has been growing with each upward move. This could indicate strengthening momentum or the potential for a larger breakout on the horizon.
Trend Line: The price seems to respect the trend line so far, and these expanding ranges might be signaling an imminent decision point—either a breakout to the upside or a retracement.
Market Sentiment: Broader market trends, volume, and external factors (like regulatory updates or macroeconomic news) could heavily influence which direction the price ultimately moves.
My Thoughts:
I'm curious if this increasing delta is a precursor to a major breakout, or if it could instead signal a peak in buying momentum, leading to a retracement. While the growing range might look bullish, it’s also possible that the market is testing critical resistance levels before deciding its next move.
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