XRP has been strengthening in a horizontal consolidation pattern for quite some time.
The $3.32 region, which was the 2017 peak, was retested on the monthly chart and rejected.
This level was a significant resistance area in the past, but it is now a pivot point that could potentially open the door to a new parabolic rise.
Major support at $1.99, staying above this level confirms the bullish reversal of the structure.
The momentum indicator is in an area where it could move upward.
This table may signal the awakening of a giant that has been silent for a long time.
Emerging from the re-accumulation phase is not always without surprises.
The $3.32 region, which was the 2017 peak, was retested on the monthly chart and rejected.
This level was a significant resistance area in the past, but it is now a pivot point that could potentially open the door to a new parabolic rise.
Major support at $1.99, staying above this level confirms the bullish reversal of the structure.
The momentum indicator is in an area where it could move upward.
This table may signal the awakening of a giant that has been silent for a long time.
Emerging from the re-accumulation phase is not always without surprises.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.