UTC-05:00,Thursday , September 19th 2019

XRP Analysis: XRP Prices Coiling Up For A Meteoric Rise Of 20%

09:28 Wednesday , June 12th 2019
According to the analysis of Akash Girimath, XRP is coiling up for a launch into the stratosphere. The falling wedge setup signals a bullish breakout for XRP in the near term.
The daily timeframe for XRP showed the formation of a double top. However, the pattern will only be confirmed when the price dips below the neckline. Further, the Relative Strength Index shows a declining resistance that is preventing buyers from rising higher.
The likelihood of the confirmation of double top is very slim unless Bitcoin forms something similar or BTC prices dip massively. However, the probability of a breakout of the rising wedge pattern seems high. If and when it breaks out, the price of XRP will slingshot to $0.4512.
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