It looks like the upper trendline, lasting all the tay from January 2018 could finally be broken.
Why maybe it won't be:
- obvious lack of bullish volume
Why maybe it will be:
- RSI and MACD look kinda bullish
- there are a lot of support levels under the triangle edge and also some trendlines, not drawn.
Good news have been piling up for a while now about XRP. Does it show on the chart? Only partially. And it makes sense, since there is not much of the projects really running and xRapid only transports small sums. But nevertheless, Ripple is signing contracts with really large banks (SBI, GMT...) and other institutions (MoneyGram, Amex...). So at least...
Adding to the prevalent sentiment around here, I hereby declare a jump to some 10ksats (0.000105...). Whether you look at the moving average or the support line drawn on the chart, the result is the same. Every time the chart bumped into the support line we saw some jump. As noted by others, xrp showed a lot of resilience, so I don't expect the rate to drop below...