The table is clear in $XRP
Ripple is still in a clear re-accumulation phase between the $3.3 major resistance and the $1.99 support.
Unless the structure is broken, this silence will trigger a new leg.
Xrpetf
Tick... Tock... $XRP When a resistance level is tested more than three times and the price continues to accumulate above a major support, that resistance is destined to break, sooner or later.
Each test weakens the sellers’ defense. Supply gets absorbed, liquidity thins out, and the market builds pressure.
Meanwhile, steady accumulation above strong support shows that buyers are quietly taking control, energy is being stored for an explosive move.
Eventually, the chart reaches a tipping point:
What once held the price down becomes the launchpad.
The breakout is no longer a question of if, but when.
ALT SEASON BREAKOUT! XRP to $1.78 & higher! Ripples & WavesBITSTAMP:XRPUSD
Keeping it simple, Alt season is here!!!
You can see it in the ripples & waves of the XRP Chart as they emanate outward from what seems to have been a massive buy bomb! and from the looks of It, it appears it was the direct hit we needed to finally propel XRP through the stratosphere !!
It seems by all metrics that we are set and ready for market expansion for the ALT coin market. XRP only moves with the broader crypto market, so a breakout in alts, means breakout for XRP. What's more, the only 2 possible moves left for XRP both lead to an imminent breakout. There could be a retest back down to $1.20 - $1.09 area, then we experience the parabolic breakout from there or, we break straight out from our current price levels of around $1.45.
Either way, exciting times are ahead. careful with leverage, protect your portfolios and just ride the waves...... 🌊
