dubie

XRP/XBT Ripple needs more time. Slow grind...

KRAKEN:XRPXBT   XRP / XBT
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Though we did have a break out of the downtrend channel , I would like to see XRP Ripple get outside the potential sideways range. I am still on the sidelines until I see a decisive break above that sideways potential action... slow grind ahead it seems. I doubt it will re-enter the downtrend channel as pictured but needs to remain above the long term support line... could be some time yet folks...
aaand, we're live.
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I have been watching the exact same thing. Great chart. I'm bottom-fishing a few buys in the mid-8s and have a major buy at the low-6s, but if I get that low-6 fill I will likely look to sell it on a big pop and expect further consolidation near the low. All-in-all I'm hopeful the uptrend line holds... Thanks for the analysis.
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