XRP IS ABOUT TO BREAK OUT ..... EXTREMELY BULLISH!

By derbycuzxrp | CRYPTO Talk XRP | 13 Apr 2023

POSITIVE SIGNALS AS XRP LOOKS STRONG TO BREAK OUT.

Xrp has been doing great sine pwaking for the year at the end of March. The token has been threatening to break out but has been rejected twice. Xrp is being put down by a major resistance line around the $0.525 range. If Xrp can break away from this resistance it should be steam forward to test the next major resistance level @around about the $0.62 range. On the daily RSI has been sitting above 50 but dropping giving a confused signal. The token has been consolidating since 29/03 it has tested the 0.535 resistance twice once on April 4th and again the 11th.

WILL XRP BREAK OUT?

Well xrp is looking more likely to break out to the mext resistance level. But if it gets rejected hard again. it coul drop all the way back to the closest support level @$0.42 One of the bigest reasons i believe this is when we look at the history of rhe xrp price we can see that xrp is completing wave 4 out of a 5 wave increase. This is a very bullish signal. This together with the retracement to a support line that is apart of a triangle that shows that xrp should break out . The constant movement of the price inside this triangle supports this theory. So as long as Xrp stays above the price of $0.46 it could bounce to the next resistance. bit if it drops to below $0.43 it could retrace all the way back to $0.38.

MY FINAL THOUGHTS.

So Xrp has been staying at a low price and it has been needing to pick up the pace as its been preforming slower than the other alt coins. With the Sec court case still not finished it could be setting up for a big price increase when the caae is finalized. So if the price breaks the $0.53 range. It should go up to $0.65 range before hitting resistance. This is only possible if tuw price does not go below the $0.43 range.

Please do your own research and consulting a financial advisor would be recommended. i am no a financial advisor and this is not financial advice. i give this report for entertainment purposes only. please do not make any investment on my word without consulting a financial advisor.

juat a quick heads up Thats all from me Derbycuzxrp. till next time

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derbycuzxrp

A Blockchain enthusiasts who is at the starting point of trading on certain platforms and believe in xrp as I educate my self to educate the world

CRYPTO Talk XRP

This blog helps make the crypto market understandable. I dwell deep into the connections and speculate on the future of XRP using wisdom and knowledge i trade the market and publish my results with detailed analysis . disclaimer I am not a financial adviser nothing here is financial advice or suggestions I am only expressing my own actions for entertainment purposes A journey to generational wealth starts with truth. Ignorance holds the seed to wisdom. In man lies the seed of the universe .