What is about to happen to Ripple?

Where is XRP going

By theatdhe | Technical Analysis! | 11 Dec 2020


Apparently XRP experienced a huge increase in it's price when BTC price rocketed. XRP rocketed for about 136% of it's value in just a week. 

This means bulls are back in track. 

In my technical analysis we can see what we call Bullish Pennant which indicates a further upward movement if price finds a support on 0.543 zone. The next upward movement will be reaching the previous 24 Nov highs at 0.790 zone. If that level breaks, I think XRP could experience a more significant bullish move will be indicated. 

Even though for the moment I believe that this will probably be a short to medium term consolidation before we return to the upside.

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theatdhe
theatdhe

Crypto lover, dentist, Forex and Crypto Technical Analyst!


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