azizelliott

$XRPUSD - Symmetrical triangle, wait for a breakout

Long
HITBTC:XRPUSDT   Ripple / Tether
Hi guys! πŸ‘‹πŸ»

πŸ”” Ripple announced that it’s now working with Central Banks and launched XRP Ledger promotions.

πŸ”” XRP/USD since November 18 has gained a hefty +96.27% and touched a high of September 21. 2018 at $0.7814140.

πŸ”” There is a symmetrical triangle on an hourly chart of XRP/USD and the pair has tested the upper edge of the triangle three times already. Breakout from the triangle will pump the price higher.

πŸ”” RSI on an hourly chart indicates that Ripple has completed the correction and is no longer on the oversold dead-zone of the indicator, MACD line has touched the signal line and is about to cross to confirm the bullish run, there is one more confirmation to be made which is a breakout from the triangle. If Ripple breaks below the triangle, support levels to watch are $0.604651 and $0.56190.

πŸ”” On November 23, Ripple announced that it officially added Bank of America as a RippleNET lead member. Bank of America is one of Ripple’s oldest clients contributing to the network since 2016, though only this year Ripple listed Bank of America among the other major banks, such as Santander, PNC and Nium. With all that said it's now clear that banks admit the use of blockchain and its power.

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