DrDovetail
Long

XRP looks mega bullish! Potential targets= .39 .79 & even 1.53?

BITFINEX:XRPUSD   XRP / U.S. Dollar
XRP has officially closed 2 weekly candles above the top trendline of the weekly green descending triangle pattern that it has been inside for most of the bear market. the projected breakout target for this triangle if triggered could take us as high as $1.53! Considering the falling wedge breakout target on the Total market cap of crypto's weekly chart is showing a breakout target that could triple tp quadruple the entire crypto marketcap, XRP rising from 30 cents to $1.50 is definitely not out of the question. There is also a smaller descending triangle pattern indicated with a purple top trendline ...it shares the same bottom trendline as the the larger green descending triangle ...a breakout from it suggests a target of around 70 cents....and finally the smallest potential breakout target is 39 cents which is the exact breakout target of a inverted head and shoulders pattern (not shown here) on the 1 day chart of which price action is currently well above the neckline of. As long as we maintain the 1 day charts 50ma as solidified support I think its likely we will hit all 3 price targets with periods of consolidation at each target along the way. Looking at the weekly stochrsi we can see it still has plenty of room to travel up further as well.
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