We've been in a large pennant formation for quite some time. The main question most of us have is whether it will break out bullish or bearish- strong cases can be made for both.
Because XRP is so tied to Bitcoin, if Bitcoin continues its bearish trend (south of the purple line in the linked BTC idea), will it also pull XRP down?
XRP is coming up against a very strong support that lasted throughout all of 2017. Will that be enough to bounce bullish?
I am biased but think it will break bullish due to the support. If so, the path XRP/USD might travel looks like the Kelly Green curve & line.
Because XRP is so tied to Bitcoin, if Bitcoin continues its bearish trend (south of the purple line in the linked BTC idea), will it also pull XRP down?
XRP is coming up against a very strong support that lasted throughout all of 2017. Will that be enough to bounce bullish?
I am biased but think it will break bullish due to the support. If so, the path XRP/USD might travel looks like the Kelly Green curve & line.
