Xrp is so far perfectly following the repetition of cycles after we saw a beautiful breakout candle of November with an insane move of +280%. Looking at previous behaviour, it is now actually very likely that Xrp breaks the previous all time high and continues its strong rally.
Xrp did actually not create a new all time high yet and is now starting to reject the major previous all time high resistance. Momentum is still pretty strong so it is quite likely that bulls will continue pushing, but if Xrp closes with a significant rejection wick, we might see another consolidation before the breakout.
Xrp is actually starting to show some weakness exactly at the previous all time high resistance. Now so far this is absolutely healthy after we saw the insane +400% rally over the past couple of weeks but if Xrp finally wants to break above this level, bulls need to step in soon and keep up the strong momentum.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.