Last time XRP broke above a long term resistance line ($0.63) the move was roughly 238%, there were three resting periods on the way up (dotted line wedges) and it ran out of steam on the third. A similar move here would bring XRP back to all time high. I have added a wedge to show the area which could prove to be the end of the run, in the short-term at least.
Very unlikely this will play out exactly this way but I hope you find this of interest none the less.
Very unlikely this will play out exactly this way but I hope you find this of interest none the less.
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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.