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lurkIT

XRP Channel straight breakout.

Long
XRP (BITFINEX:XRPUSD)  
lurkIT Updated   
BITFINEX:XRPUSD   XRP
Chart Patterns Parallel Channel Rectangle
6
4
chartpattern parallelchannel rectangle
Could not sustain the mid-April break up into the yellow channel.
However, we now anticipate XRP to rise further after breaking straight through our previous support-resistance yellow channel and heading for higher ground.
Comment:
BUSTED into upper channel.
Critical support now at 0.4185 to maintain consolidation in the new upper channel.

Stay tuned for our next analysis to review _where to next for XRP?_
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