XRPUSDT approaches boiling point!
Updated
On the daily timeframe there is a long term downtrend resistance line (red line) starting from the 6th of May 2018 (!!!). Moreover a weekly uptrend (purple line) has been formed which acts as strong support so far. 25.3 cents is a strong resistance area on the weekly timeframe and price has been testing this area for weeks now! A weekly close above 25.3 cents would be a very good sign! Coming two weeks will be very interesting because boiling point of the symmetrical triangle is approaching! If price breaks above the red daily resistance line I expect a very big move up and would set my first sell target at around 37 cents.
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Trade closed: target reached
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