XRPUSD Trend Analysis
Xrp is following the same retracement pattern to breakout into a new high.
For instance, the first retracement after it hit a new high fell through one support level then broke into a new high.
Now we are seeing the same pattern repeat itself, this time it broke through two levels of support, and is now on track to making a new high.
Depending if the candle closes above the new high i think another breakout is possible.
I say buy in, also there is talk about ripple being added to coinbase, as well as deal with amazon uber and airbnb.
A definet hold in my portfolio!
For instance, the first retracement after it hit a new high fell through one support level then broke into a new high.
Now we are seeing the same pattern repeat itself, this time it broke through two levels of support, and is now on track to making a new high.
Depending if the candle closes above the new high i think another breakout is possible.
I say buy in, also there is talk about ripple being added to coinbase, as well as deal with amazon uber and airbnb.
A definet hold in my portfolio!
Trade active
So far the candle closed on top, and formed a new high. It held support and made is now trying to push into a newer high, i don't know how far up it can go. Possibly a .60$ psychological resistance level.
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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.