cptOats

XRP ready for bull breakout

Long
POLONIEX:XRPBTC   XRP / Bitcoin
XRP at previous breakout consolidation level

  • XRP / BTC capitulation and weekly RSI oversold at 5 year low
  • XRP / USD choppy consolidation chart for 5 months
  • Pink line - previous breakout consolidation as higher low for next pump
  • Bullish Divergence on shorter time frames
  • Extreme negative sentiment regarding XRP - contrarian indicator
  • May not break out of the yellow falling wedge on the first try; maybe double bottom on pink line again before the breakout
  • Target 10K sats / ~ $0.60 depending on what Bitcoin does

Fly or die for XRP
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