Ripple Locked and Loaded

The smaller coins rarely ignore a trend line extension. This is where most of the major spikes come from in the AltCoin/BTC or AltCoin/ETH charts - the spikes generally align with a trend line extension from a previous rally.

Ripple is in a small squeeze right now. At a glance, it looks like a descending triangle, or perhaps a downward pointing symmetric triangle.
The top of this triangle is the extended trend line, and this line has proven to be reactive at several points prior to this consolidation.

I marked this trend line in green, instead of all the rest which are MPC-tribute pink trend lines.


I have to say that just at a glance, the XRP priceline is looking a whole lot like some of its AltCoin counterparts, and the bulk of the time that I've seen these other AltCoins come to a crossing with an extended trend line, they tend to break out bullish.

That, and there is some heavy bullish divergence on the indicators...


Cheers!
-B

*This is not advice to trade. You don't want my advice. The last person I advised wound up in emergency surgery. Do you want to be in emergency surgery? No, I didn't think so. So don't take my advice.