XRP is repeating a fractal it has completed 2 times before. We are in the last phase of the fractal where the price falls till it finds support and then explodes upward. Right now we are looking for that support. I drew a couple lines which may trampoline the price skyward. This is a great time to load up.
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Waiting for breakout
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Could be a breakout
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Confirmed breakout of the white triangle, however we are still within the yellow broadening wedge. This is a descending wedge, which is a bullish pattern. Price is sitting on support now. If it holds I anticipate another test of overhead resistance and a breakout.
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I saw this good chart by someone I follow and wanted to share it with everyone. XRP may drag this out all the way to the end of the pink triangle which could be May.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.