XRPBTC Breaks out of a Falling Wedge
XRPBTCAs you can see on the chart, on a weekly basis, XRPBTC has broken out of a huge Falling Wedge, the last time that happened, back in March 2017, XRP climbed about 23.5 to 1 in terms of Bitcoins since the breakout, and about 60 to 1 in terms of U.S. dollars. In a period of about 55 days. I expect something similar could happen again.
XRP broke out of its Weekly Falling Wedge about 10 days ago, and it seems that a huge move is underway. If it where to take the same time as it did in the past, it will mean that it will still had about 45 days of upside move to go, which will put us on September 21, 2020.
Also, if it were to climb the same percentage as last time, that would put the price of XRP at about 50,000 Satoshis per XRP.
There is no guaranteed that the past will repeat itself, but taking things into perspective, let’s just say I won’t be selling any of my XRP this month. Will see about that next month.
I hope you find this interesting and good luck to you.
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