Hello All, I have been publishing the same graph with some minor additions on a weekly basis - XRP is behaving well enough to be in the boundaries of the triangle even though this weekend was a good test of the bottom line.. but it bounced back nicely to be in range, we are still scraping the bottom line of the triangle at 0.47 levels, a firm break below this (daily closing for 1 to 2 days consecutively) will confirm a substantial fall to 0.31 levels.. a scenario I dont think is going to happen considering the news and reviews that XRP is generating, as also the current fall is more to do with BTC than anything and even though XRP may not be set to fall.. BTC could drag it down - but in that case the bounce for XRP will be much easier.
As of now, expecting XRP to stay range bound between the bottom line and the upper line of the triangle for another 15 days.. not too long to go for the break out to happen
Good luck to all.. and as awlays.. its just my opinion and not a trading advice.. please DYOR
As of now, expecting XRP to stay range bound between the bottom line and the upper line of the triangle for another 15 days.. not too long to go for the break out to happen
Good luck to all.. and as awlays.. its just my opinion and not a trading advice.. please DYOR
