XRP has clearly broken out of this symmetrical triangle and has successfully retested the breakout. a sell target of 2 dollars a piece is very likely. a pullback is expected after hitting this level and if xrp manages to hold above 1 dollar and 30 cents, i expect the alt season to continue. i also think people should pay attention to XLM/XRP Ratio for higher ROI.
Trade active:
Trade active:
XLM is officially in an uptrend against XRP. wave 1 and 3 were the same size. im expecting the 5th wave to be 161.8% of wave 1. that gives us a 0.37 ratio, which means if alt season begins within the next few weeks and XRP reaches the 2 dollar resistance level XLM could potentially hit 71 cents a piece. that's only if XLM to XRP ratio goes up to at least 0.37 which is a very realistic target and XRP hits 2 dollars which is a major resistance level.