XRP / USD TA
As we look at weekly chart for XRP / USD we will see that we are at a possible bullish breakout point.
Some of the more traditional indicators such as RSI, MACD, Ichimoku Cloud do support this bullish theory of XRP breaking upwards within next few days or weeks as we approach 15 Month pattern completion. This month of March is expected to be used as a 'test' period for major international banks and financial institutions with ties to RippleNet which utilizes Xrapid (aka XRP token).
Pattern overall is very bullish as can seeing from the chart and sales which we have provided on the chart of how these patterns usually breakout. If we were talking about XRP correcting downward from a larger bull run, we would have been bearish but since XRP has moved into this pattern in DEC 2017 from just few cents, we are overall bullish on it. From the chart you can also see that in recent weeks we have been presented with an extraordinary accumulation and 'stability' which usually means that we are due in for a large move.
Do keep in mind that crypto is prone to changing trends at any time, in other words, don't invest what you're not able to afford to take a loss on.
As we look at weekly chart for XRP / USD we will see that we are at a possible bullish breakout point.
Some of the more traditional indicators such as RSI, MACD, Ichimoku Cloud do support this bullish theory of XRP breaking upwards within next few days or weeks as we approach 15 Month pattern completion. This month of March is expected to be used as a 'test' period for major international banks and financial institutions with ties to RippleNet which utilizes Xrapid (aka XRP token).
Pattern overall is very bullish as can seeing from the chart and sales which we have provided on the chart of how these patterns usually breakout. If we were talking about XRP correcting downward from a larger bull run, we would have been bearish but since XRP has moved into this pattern in DEC 2017 from just few cents, we are overall bullish on it. From the chart you can also see that in recent weeks we have been presented with an extraordinary accumulation and 'stability' which usually means that we are due in for a large move.
Do keep in mind that crypto is prone to changing trends at any time, in other words, don't invest what you're not able to afford to take a loss on.
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Comment:
UPDATE 1 - We have been tracking above our parabolic curve - overall movement has been positive so far and we do not see any attempt by XRP do deviate from current proposed path
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