Ripple breakout above pennant, 100 day MA and long term support
Ripple recently broke out above a blue pennant and its 100 day moving average (pink line),forming support at line U . If it manages to break up into zone 2 I think we see hard resistance at line 0. I've taken profit with ripple so personally Im holding and watching for other entries (perhaps in zones 4 and 5). The 100 day MA also moved above its previous high, which is a bullish signal. All in all, a lot of room for ripple to run between diagonal lines 1 and 0. Watch the RSI closely to see if XRP can continue this run. If we lose momentum we will likely see support build between green support line U and the 62% retracement. Consider taking profit now if you haven't already. Those who are building longer term positions, keep accumulating on dips.
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