CR35

XRP Signs Of Strength Are Showing With Descending Trend Breakout

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
XRP had a nice strong breakout from the descending trendline (orange), now acting as a support. On the way up, we still have to have an eye on 0.702 and 0.786 fib. levels there we were previously rejected from 3-times. We still may rejected from those, which means that the price could consolidate further in the $1-$1.6 area. In a long term I still expect the prices to reach between $9-$13 area. A retest of a ascending trend line (green) should be expected at some point.

I am not a financial advisor and non of this should be taken as a financial advise.

BITSTAMP:XRPUSD