As seen on the graph, XRP was trending along the blue channel until it broke out( pulled back a bit with the upper channel acting as support) before continuing to moon towards 11k sats. It eventually pulled back but dipped harder than anticipated due to BTC's massive dump from its near 10k runup. The pullback has landed XRP back to the blue channel in which it was trending along nicely. As seen by the orange line, XRP is being wedged between the orange line and the blue channel. The market as a whole has been portraying strong bull signals from ALT rising to BTC rising during the past month, so I am quite optimistic about the end of this wedge that XRP is heading towards.
I am eyeing 15k as the first target. Will update this chart accordingly.
Happy investing all and remember, this is not investment advice.
I am eyeing 15k as the first target. Will update this chart accordingly.
Happy investing all and remember, this is not investment advice.