This graph is a combination of both horizontal resistance levels, combined with angular resistances. The colors divide expected ~18 hour price action ranges over the coming week. My goal was to create a visualization of the range of movement within XRP within multiple supports (red lines) and resistances (black lines). The idea is that should XRP trade within each respective 18 hour price range, resistances will rapidly become new supports over the coming week. I expect this pump to push XRP to just over $0.40. If volume matches and we break the $0.40 range it's my belief that $0.40 will be the launching point for a price jump and later become our new long term support. This is all under the assumption that the bear trend has finally come to an end and markets are going to begin looking for new all time highs at some point within this year.
Comment:
Forgot to mention, the red circles are points where bulls should expect major resistance, thus potentially strong price corrections/consolidations.