TradingView
Mihai_Iacob
Jun 6, 2023 7:02 AM

Ripple is really looking good Long

XRP / U.S. dollarBitstamp

Description

There is exactly one year since Ripple is trading in a range between 0.3 and 0.5.
However, looking closely at the chart we could see that since the start of 2023, the price is making clear higher lows, and also 0.4 median is at this moment strong support.
Yes, indeed, we need a trigger and this could and should be SEC, but in my opinion, a genuine break above resistance would lead to an explosive rise.
I'm not a "tu da muner", and I don't say Ripple at 10usd or whatever phantasmagoric prediction we see on the web, but 100% rise is very probable in an instance of a break
Comments
ProjectSyndicate
I think the bigger picture is that we are still stuck in range, although mild upside is possible after the pullback yesterday
Mihai_Iacob
@ProjectSyndicate, yes, still range, but if it breaks, it could rise 🧨
CryptoCheck-
I share your sentiment on XRP. Thanks
Mihai_Iacob
@CryptoCheck-, i saw your analysis:)
SmartNerd
ok but 0.2 first
Mihai_Iacob
TradingShot
Excellent thanks for sharing.
InvestingScope
Very professional piece of work!
TradingBrokersView
Great view, thanks for sharing.
MonoCoinSignal
Thorough analysis supported by visually compelling charts that simplify complex concepts!
More