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Frixion
Nov 20, 2020 11:50 AM

XRP believers patience will be rewarded soon Long

XRP / U.S. dollarBitstamp

Description

Hello fellow traders,

This is no hopium story talk but a technical look on xrp.

I went back in history quiet a bit to see what xrp did before its masive lift off to 3$.
The first thing i want to mention is that xrp came back to the same accumulation zone between 0,118 & 0,325 that we had before its rally to 3$.

The first one took 217 days before breakout, the accumulation was formed in the shape of a triangle, the same thing we are seeing in the long on going accumulation
we have now of 490 days!
The accumulation zone is backed by big volume as you can see with the fixed range volume profile.

To finish off, there is a inverted head & shoulders which is also bullish.
32,5cent is the neckline, if we have a strong break above this level xrp can start its bull run.

Remember guys, xrp started its move up in 2017 only 2 week prior of btc's all time high, so if history repeats xrp should start doing some work soon!

If you like this idea give me a thumb up i really appreciate it.

Comments
UnbearableLightness
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gleefulDingo68509
How possible it's for XRP to reach $100 by 2022?
mitrasanjel56
Xrp not related with Bitcoin volume.xrp has it’s own bgness platform . If only 33% of XRP share (out of 55 billion) sold,it touch 100/share..!
UnbearableLightness
What are your targets?
Frixion
@pkpkpk 50 cent is a strong resistance level
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