XRP - Be ready!Dear my friends,
The market is currently a sea of red, with the prices of most coins in sharp decline. Recently, I’ve been focused on Ripple’s chart. At the end of September, I observed its total market cap breaking out of a downtrend. However, the price drop caused the market cap to snap back into the triangle it had just exited. Some might say this is a false breakout, but I disagree. Since 2018, this is the first time XRP has broken out of a downtrend on the weekly close. So, this is simply a breakout followed by a retest of the support zone. We’re likely to see Ripple surge soon. Keep an eye on the resistance levels above. Hopefully, my insights will be useful to my friends. Don’t panic, and don’t get thrown off the moving train.
Best Regards,