Pip.Gawd

Ripple (XRP) Ready for takeoff?

Long
KRAKEN:XRPUSD   XRP / U.S. Dollar
KRAKEN:XRPUSD

After news that cryptocurrency Ripple would escrow 55 billion coins came through, the coin started jumping upward. It is sustaining a very long bullish run and does not look like it wants to stop running just yet.

We are currently in a consolidation phase, where a pennant has formed on the chart. Once the coin breaks this pennant formation, look for price to break above $1 easily. This should be the end of the penny days for Ripple.

Time to see where this coin ends up in the crypto-world.

Comments

Thanks. PT on Bull Flag breakout?
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We"ll see mate :)
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