DrDovetail

XRP Breaking out of descending triangle pattern.

Long
BITFINEX:XRPBTC   XRP / Bitcoin
It's entering the overbought zone on the 4hr RSI so it will llikely start consolidating sideways for a bit to cool the RSI off before continuing upward but this breakout is a huge sign for the bulls with XRP. My original guess was that it would reach $2 sometime in June. I still think that's possible but it might not get there until July. Either way this is just the beginning of its bullish ascent.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.