XRP Master-Line (tm)
XRP seems to have been following the resistance of a Master ascending line for years.
This can also be seen as channel.
Notice how it has provided resistance and only large swift moves seem to cross it.
Dipped below the line at the beginning of that pandemic thing I've heard on the news.
Able to blow by it last fall.
SEC dropped us below, Reddit's Wall Street Gang seemed to pull us above.
Coming resistance in the channel as see before would put us into the $1.00 range up to around the $2.50 range (close to that important $2.36 fib level)
Downward resistance would be around the 0.41 level.
Of course, back in 2017 we blew through this channel.
Something similar would put us near $54 by the end of the year.
#interesting
This can also be seen as channel.
Notice how it has provided resistance and only large swift moves seem to cross it.
Dipped below the line at the beginning of that pandemic thing I've heard on the news.
Able to blow by it last fall.
SEC dropped us below, Reddit's Wall Street Gang seemed to pull us above.
Coming resistance in the channel as see before would put us into the $1.00 range up to around the $2.50 range (close to that important $2.36 fib level)
Downward resistance would be around the 0.41 level.
Of course, back in 2017 we blew through this channel.
Something similar would put us near $54 by the end of the year.
#interesting
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