ThinkingAntsOk

"Long Vision" XRP (Ripple) breaking up the Descending Channel?

Long
BITFINEX:XRPUSD   XRP / U.S. Dollar
Daily Chart Explanation:

- Price is on a Descending Channel since April '18.
- It bounced on the Support Zone and is currently on a Bullish Corrective Structure.
- If price breaks the Descending Channel at 0,483, it has potential to move up towards the Resistance Zone at 0,75.

You can check our Top and Bottom Analysis and our last short term view on XRP on the Related Ideas.

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Comments

Update. Thanks.
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Same targets!

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KEY insights to trade this bull run:

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With the combination of higher lows we've been seeing over the course of the last year, I'd probably say any larger scale movement (20%+) would likely cause a breakout as we've seen before. This powder keg looks like it's ready to blow.
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bsbcrypto Noodley
@Noodley, Agree. And something tells me this time it could set a new ATH. Many positive news and partnerships around Ripple with barely no movement. Looks like XRP spent too much time accumulating.
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