XRP - The Big Picture from a Short Term Perspective
Huge downtrend fixed with numerous ascending channels played out like clockwork. In hindsight, its a perfect looking chart if you’ve been riding the waves.
Seeing as BYBIT:XRPUSD is now starting to make a move (ahem, finally!) it’s clear to me that it’s going to hit HUGE, historical resistance at the $0.30 target. If you bought at the bottom of the channel closer to $0.11 you’d be up over 100% right now in only 8 weeks.
Plan A (Bullish) - BYBIT:XRPUSD breaks out of the ascending channel and long term resistance trend line to the upside and makes a push to $0.50
Plan B (Bearish) - BYBIT:XRPUSD gets rejected at the $0.30 level and will inevitably re-test the long term support and a previous low of $0.11
*not financial advice, just my opinions*
Where do you think XRP is going?
Like and Comment below!
Follow me on Twitter: @XRP_CANADA
Best,
X
Huge downtrend fixed with numerous ascending channels played out like clockwork. In hindsight, its a perfect looking chart if you’ve been riding the waves.
Seeing as BYBIT:XRPUSD is now starting to make a move (ahem, finally!) it’s clear to me that it’s going to hit HUGE, historical resistance at the $0.30 target. If you bought at the bottom of the channel closer to $0.11 you’d be up over 100% right now in only 8 weeks.
Plan A (Bullish) - BYBIT:XRPUSD breaks out of the ascending channel and long term resistance trend line to the upside and makes a push to $0.50
Plan B (Bearish) - BYBIT:XRPUSD gets rejected at the $0.30 level and will inevitably re-test the long term support and a previous low of $0.11
*not financial advice, just my opinions*
Where do you think XRP is going?
Like and Comment below!
Follow me on Twitter: @XRP_CANADA
Best,
X
