So... XRP break the Falling Wedge - and it is moving in a nice, well defined, uptrend channel.
The problem with this breakout it the low volume. But for me what happened was enough.
If XRP follows what is expected for a bullish channel pattern, we should have some stronger highs interspersed with small recessions - predictable and orderly. This pattern is already visible in the chart. However, consider that this channel is too narrow and that if the XRP manages to pass the 0.33 barrier it can strengthen the momentum.
Now we have to watch carefully. Cryptomarkets are crazy markets.
The problem with this breakout it the low volume. But for me what happened was enough.
If XRP follows what is expected for a bullish channel pattern, we should have some stronger highs interspersed with small recessions - predictable and orderly. This pattern is already visible in the chart. However, consider that this channel is too narrow and that if the XRP manages to pass the 0.33 barrier it can strengthen the momentum.
Now we have to watch carefully. Cryptomarkets are crazy markets.
