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XRP still above long term support trendline

BITFINEX:XRPUSD   XRP / U.S. Dollar
XRPUSD weekly chart still looks good. Long term trendline holds for now. Higher lows and lower highs are forming symmetrical triangle and breakout will determine next move up/down!

There are instances when symmetrical triangles mark important trend reversals, but also, they mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout. We are getting closer to that so stayed tuned!