OTM.Investments

Ripple, 2 Week Shifts Green, Falling Wedge Breakout? (XRP)

BITSTAMP:XRPUSD   Ripple
As the other top contenders in cryptocurrency have been on a breakout mission as of lately... xrp ripple has been floating near the bottom of major support level aligned with the previous horizontal support level during the 1st major bullrun.

It is good to see it start to try and make that transition here. On the larger timeframe of a 2 week chart we see a potential falling wedge in play and currently a breakout formation.

This is an edge play. Strong impulse should send it back to 28-30 cents to test the previous break on an old support level, which is recent high and now Resistance.

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