What is the most possible scenario for Ripple(XRP) in the near future?
Globally, we can see that all cryptocurrencies are now in uptrend. Bitcoin is showing strength and this is positive for all Altcoins.
Ripple is now in a big triangle and now starting to squeeze to the upper trend line. After breakout we may see a big pump and reach new local highs, what is very possible in the current market conditions.
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P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
@bizmark, why did you pick that bottom for the first mesurement?
bizmark
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@sponsel, cuz it's bottom of the triangle. Measuring it from bottom to top you get the height of the triangle.
TheSlimFool
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Love the analysis, so excited for XRP to hit new highs!
Do you think you could possibly discontinue using the terms XRP and Ripple interchangeably? It can be confusing to new traders seeing this despite those two being very separate things 😅