I'm back to publicly watch this potential breakout on $XRP after a proper long, 6-month consolidation from the highs around $3.4.
That's where the falling trendline originates from and we are just about to witness a breakout attempt. What I also like here is that the 200 SMA (green) is sitting right above the trendline which gives us a breakout test that we can trust.
Also, XRP/BTC looks ready to breakout and confirm a reversal to the upside, which is a must for me before I commit to any spot investment or futures trade.
Liquidations from the last 3 months have accumulated just below $2.4 too, so this is the most likely destination. Remember, daily candle is king, I will open a long when all conditions are met.
XRP has not looked as promising this year. Finger on a trigger here, you don't wanna miss the action.
Breakout Target around $4. Stay tuned 💙👽.
