✴️ XRP Weekly | Long-term Support Activated (255% Potential)
The weekly candle looks really good... Let's have a look at XRP long-term.
Interesting to look at is the level hit last June, 2022.
The low was set at 0.2872 marked blue on this chart.
Notice how this level has been relevant as support since 2018.
Above this level, XRPUSDT is in bullish territory, while below it, new lows can take place.
The fact that we have a higher low this same month compared to June-2022 supports the bulls.
This level has only been challenged once on a wick and never a candle close since early 2021.
Another interesting detail is the fact that 630 days passed since the ATH was hit...
Which is a very long time for any cryptocurrency.
The stage is set for XRP to grow.
We might be looking just at a little more consolidation before the next bullish jump.
We can aim easily to 100%+ but the potential is higher after the second half of 2023.
Namaste.
Interesting to look at is the level hit last June, 2022.
The low was set at 0.2872 marked blue on this chart.
Notice how this level has been relevant as support since 2018.
Above this level, XRPUSDT is in bullish territory, while below it, new lows can take place.
The fact that we have a higher low this same month compared to June-2022 supports the bulls.
This level has only been challenged once on a wick and never a candle close since early 2021.
Another interesting detail is the fact that 630 days passed since the ATH was hit...
Which is a very long time for any cryptocurrency.
The stage is set for XRP to grow.
We might be looking just at a little more consolidation before the next bullish jump.
We can aim easily to 100%+ but the potential is higher after the second half of 2023.
Namaste.
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