XRP
Long
Updated

Ripple still has upside pressure

1 446
Folks remember that as we get these pull backs, the only thing that can invalidate any type of upside move would be an invalidation of this 45 cent support zone.

From here we could create an ascending triangle if price holds at 50 cents as previously mentioned. Or a bullish flag pattern if we test slightly lower, as low of 45 cents.

While MACD is crossing on the daily, keep in mind we have a WEEKLY MACD cross to the upside which is very bullish. I am anticipating that ripple will fail to break 45 cents on the downside and we will get a run at $1. If we look at the volume profile, we can see that as soon as we break 60 cents, we have some room to run.

Still holding, you could even add at the bottom of this channel here from 45-50 cents if you didn't get in.

Happy hodling,

-Sherem
Note
Please like to show your support.

Also keep in mind if we go into full bull run mode we will get a test of the ATH's again, if not higher.
Note
previous update:
Ripple forming a continuation pattern


where we went long at 30-33 cents -
Ripple bounce off the weekly TL, look for the 45-50 cent area
Note
update on ripple compared to ETH -
XRP ETH A Cup and Handle to form?
Note
update:
Ripple, targeting 60 cents and beyond

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