Since 2017 we came down from an all time high and we are forming a triangle formation with lower highs and higher lows. Because of the duration of this pattern we can expect a huge breakout once the pattern is broken.
Currently we are testing the downtrending trendline for the 5th time. We previously rejected from the trendline 4 times in the last 5 years. Once this pattern is broken i think we can move fast towards 2 dollar. I will keep an eye at the closing of the monthly chart. It will gives us a view of what comes next.
If we close this monthly candle below the downtrending trendline we maybe have a other 6 months of moving in to the triangle formation.
if we can break bullish i believe there will be a new ATH for XRP in 2024.
I think your chart and line are correct but time that postponed to 2026/2027 is a little unknown! We know that ATH will happen soon, but jet fuel that needed to send out the XRP to the moon is very depend on Ripple/SEC issue, if settlement happen sooner I guess price can go over 25$ and beyond!
We know that ATH will happen soon, but jet fuel that needed to send out the XRP to the moon is very depend on Ripple/SEC issue, if settlement happen sooner I guess price can go over 25$ and beyond!