XRP vs XLM
Updated
Who is gonna be stronger?đź’Ş This is comparison XRPUSDT/XLMUSDT, so if the:
*price is going up, it means XRP is stronger than XLM
*price is going down, it means XRP is weaker than XLM
Ripple is breaking up the yellow triangle which was formed by consolidation after the bullish impulse move, so together it created sort of bull flag and we are just breaking out of it. Target of flag pattern is confluencing with 0.854 fib retracement of the whole range. To sum it up, it looks to me that in the following weeks/months, Ripple could be stronger than Stellar with some pullbacks along the way (as shown by the lime path). What's your take?
Like👍, follow✒️, enjoy📺!
*price is going up, it means XRP is stronger than XLM
*price is going down, it means XRP is weaker than XLM
Ripple is breaking up the yellow triangle which was formed by consolidation after the bullish impulse move, so together it created sort of bull flag and we are just breaking out of it. Target of flag pattern is confluencing with 0.854 fib retracement of the whole range. To sum it up, it looks to me that in the following weeks/months, Ripple could be stronger than Stellar with some pullbacks along the way (as shown by the lime path). What's your take?
Like👍, follow✒️, enjoy📺!
Note
Half and a year ago when I have posted this analysis. Since that point Ripple has been stronger practically all the time. After initial impulse up, the price is ranging for months now. Trendlines updated. The blue one should provide sort of launchpad for the price. Next hurdle 3.56 (orange). Target 4.09 coming imo.Note
What a launch🚀 off the blue trendline support! Price now breaking the orange resistance.Trade closed: target reached
Target hit! 🎯So if one sold his Stellar bag for Ripple when this idea has been posted, and bought the Stellar back now, he now has 1.5x more Stellar than before.
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