Ascending Triangle
We have a huge ascending triangle on the weekly with a rising RSI. The MACD is also in the positive zone, recently bouncing off the signal line.
We are looking for a strong impulsive wave to the upside after breaking the triangle.
Things are also looking positive with the recent SEC vs. Ripple case as the SEC recently acknowledged that third parties like exchanges (coinbases, binance us) are not breaking the law if they sell XRP. As BTC consolidates and we are approaching alt season, and with the reslisting of XRP, we may just get our catalyst for the next XRP bull run.
The FUD is behind us and chances of XRP going lower are minimal.
If you like this idea please comment below.
We are looking for a strong impulsive wave to the upside after breaking the triangle.
Things are also looking positive with the recent SEC vs. Ripple case as the SEC recently acknowledged that third parties like exchanges (coinbases, binance us) are not breaking the law if they sell XRP. As BTC consolidates and we are approaching alt season, and with the reslisting of XRP, we may just get our catalyst for the next XRP bull run.
The FUD is behind us and chances of XRP going lower are minimal.
If you like this idea please comment below.
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