$XRP/USD At the time of actual preparation?

Today I would like to think about the long-term market price of XRP.

In the current weekly chart, there are three points that you should definitely be aware of.
1) Price range from ¢ 27 to ¢ 30 (blue line)
2) Uptrend line after the corona shock
3) Positional relationship of various moving averages

First of all, 1) It is no exaggeration to say that this blue line is the most conscious in the XRP market since 2017. We have been supporting and resisting this line many times over the last three years, and have never broken since it broke below this line in August 2019. Since the beginning of 2020, I have tried to break this line twice, but it has failed.

Under such circumstances, move on to 2). Since the COVID-19 pandemic that came in March, it has steadily pushed up the market while drawing a double bottom. While the uptrend line is also strongly conscious, the upper price is resisted by the light blue line, so the chart pattern is in the shape of an ascending triangle, and expectations for a breakout are rising.

Finally 3) Although the short-term, medium-term, and long-term moving averages have deviated so far, they have finally converged recently. It is a well-known fact that various moving averages create trends while repeating convergence and diffusion, but the short-term moving averages are also pointing upwards, and the golden cross from here is also visible.

Under these circumstances, it is less than a month before the biggest conference, SWELL 2020, is held.

Although I have to refrain from easy long hair, I think that it is the best time to buy with a solid strategy in the medium to long term.