Imminent Breakout on XRP - Ripple
Hey everyone.
The chart shows a loooong journey of XRP, approximately 6 months old. Since then it has remained in range and within this wedge. However, this long-term range period is about to end pretty soon.
The resistance and support levels are getting closer and we can see a sharp breakout in either direction. If it moves above and closes above the resistance level which is varying from 0.240 to 0.260 - then we can see a good bullish rally.
Let's see what happens.
Do research and trade at your own risk.
Thanks.
Yes, consolidation is a sign, that bigger move may soon happen. While you never know in which direction breakout will happen, if everything in crypto land is going higher, may as well be this one also :-)
fingers crossed :)
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