If you have a look at my previously published chart (LINKED BELOW), I presented 3 outcomes for the XRP price, with 2 of them resulting in a breakout to 1$. As we can clearly see, we have tested the .45. support line and have failed to reach the .4 support line which would have confirmed scenario 3. As of this moment, we are back on the .45 support line and...
Ripple is trading under intense overhead pressure, with a massive freefall back to $0.4 as scenario 3. For scenario 3, the path of least resistance is downwards, as seen on the 4-hour chart. The lower boundary of the descending parallel channel appears to be holding the fort for the bulls. However, the Relative Strength Index has reinforced the ongoing bearish...
Ripple is trading under intense overhead pressure, with a massive freefall back to $0.4 as scenario 3. For scenario 3, the path of least resistance is downwards, as seen on the 4-hour chart. The lower boundary of the descending parallel channel appears to be holding the fort for the bulls. However, the Relative Strength Index has reinforced the ongoing bearish...
Formation of a descending channel is visible on the (4H) chart. A breakout above reaches previous major resistance at approximately 0.79. At this point, we will likely see a correction where our previous .68 resistance line was back when BTC broke $19800. This line will act as support and likely lead to a bounce and break scenario. Price target for this breakout...
Formation of a bullish pennant is visible on the daily (1D) chart. XRP must stay above .5 support line. A breakout above reaches previous major resistance at approximately 0.79. At this point, we will likely see a correction where our previous .68 resistance line was back when BTC broke $19800. This line will act as support and likely lead to a bounce and break...
![XRPUSD: XRP Bullish Mid-term $1.20 [Q1 2021]](https://s3.tradingview.com/j/J3VlHWN6_mid.png "XRP Bullish Mid-term $1.20 [Q1 2021]")
