XRP has officially broken it's long term symmetrical triangle (Light blue). This chart breaks down XRP's market psychology from it's previous peak to where we now find ourselves. Each color is a different phase, with Red being the bloodiest, and blue seeing the market largely freeze over. What I'm saying is the color choices are poetic. Orange, everyone was furious, yellow the market was in fear, but now winter has come and gone. Now's the time when springs are sprung.
In all seriousness though, the blue trend is a 'conservative' prospect of what price movements will look like in the coming month, with purple/dark violet being the more optimistic trend. Regardless of the immediate trend, it's pretty clear XRP has officially begun it's bull run.
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The green line is the longest lived 'resistance' which became support back in April. The bottom of the light blue triangle was the long term support that we've floated around 10 months now! I haven't felt this excited since September 2017 when I first bought into this market! We've made it boys. #WEWERETHEBOTTOM!
@gjmullen, This one has held pretty strong hasn't it? ;) The beauty of playing long trends over short trends. They're sooo much easier to track! Wonder how long ti'll we break the trend we're in and I have to make a new long term chart haha