Hello fellow traders,
This is no hopium story talk but a technical look on xrp.
I went back in history quiet a bit to see what xrp did before its masive lift off to 3$.
The first thing i want to mention is that xrp came back to the same accumulation zone between 0,118 & 0,325 that we had before its rally to 3$.
The first one took 217 days before breakout, the accumulation was formed in the shape of a triangle, the same thing we are seeing in the long on going accumulation
we have now of 490 days!
The accumulation zone is backed by big volume as you can see with the fixed range volume profile.
To finish off, there is a inverted head & shoulders which is also bullish.
32,5cent is the neckline, if we have a strong break above this level xrp can start its bull run.
Remember guys, xrp started its move up in 2017 only 2 week prior of btc's all time high, so if history repeats xrp should start doing some work soon!
If you like this idea give me a thumb up i really appreciate it.
This is no hopium story talk but a technical look on xrp.
I went back in history quiet a bit to see what xrp did before its masive lift off to 3$.
The first thing i want to mention is that xrp came back to the same accumulation zone between 0,118 & 0,325 that we had before its rally to 3$.
The first one took 217 days before breakout, the accumulation was formed in the shape of a triangle, the same thing we are seeing in the long on going accumulation
we have now of 490 days!
The accumulation zone is backed by big volume as you can see with the fixed range volume profile.
To finish off, there is a inverted head & shoulders which is also bullish.
32,5cent is the neckline, if we have a strong break above this level xrp can start its bull run.
Remember guys, xrp started its move up in 2017 only 2 week prior of btc's all time high, so if history repeats xrp should start doing some work soon!
If you like this idea give me a thumb up i really appreciate it.