XRP: Bullish Breakout Confirmed
2025-01-12
Category: None

After peaking in early December, XRPUSDT started to move lower in a classic retrace. This retrace transformed into a consolidation pattern.

A consolidation pattern as shown in the chart is always a kind of 50/50 event. Can break up just as it break down.

If we take into account the broader market, we can change this 50/50 to 70/50, 80/50 and so on. The first number corresponding to the bullish side.

The initial move is a bullish impulse. The market is bullish in 2025. We are on the post-halving year on Bitcoin's side. The bulls are favored by all market conditions.

Today, XRPUSDT is producing a clear and strong bullish breakout of the pattern on the daily timeframe. This indicates that the bulls win, or that the consolidation phase is over.

The break of the pattern upper resistance indicates an advance to the last high, that is a minimum of $2.7. This can go higher and $2.9 be challenged.

Since everybody knows the market is going up; and everybody is holding strong, we can expect a bullish continuation soon. We can expect higher prices on XRPUSDT.

A bullish breakout is now confirmed.

Congratulations to all those who entered early and at the right time.
Patience to all those that have a good position but don't know what to do next.

The best action right now is to hold, after you bought. If you haven't bought, it is the time to do so, always focusing on the long-term.

XRP is going up.

Thank you for reading.

Namaste.