InvestingScope

XRPUSD: Long term consolidation before new Highs.

XRP is posting a consolidation pattern similar with the 2015 - 2016 candle sequence, after which the 2017 bull market took place. Assuming the duration is the same and distance from the High to the break-out of the consolidation is 812 days, we can expect the new bull market to start on May 2020. The conclusion is that at the moment we are on an accumulation phase on XRPUSD.






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