Pseudonymous analyst Kaleo tells his 590,000 Twitter followers that he sees a bullish continuation for XRP after efficiently retesting its diagonal resistance as help.
“XRP/USD low timeframe seems prepared for one more leg up as properly.”
In line with Kaleo, XRP may very well be following within the footsteps of Tron (TRX), which just lately rallied from a low of $0.74 to a excessive of $0.85.
“For reference right here’s what TRX simply did. An analogous squeeze might ship XRP to $0.60+.”
At time of writing, XRP is buying and selling for $0.52.
Trying on the XRP versus Bitcoin ratio (XRP/BTC), Kaleo says that the pair additionally seems poised to surge after breaking above its diagonal resistance.
“XRP/BTC pair seems primed for a squeeze as properly.”
In the meantime, fellow crypto strategist Cantering Clark can also be bullish on XRP. The dealer tells his 176,100 Twitter followers that he’s seeking to accumulate XRP as he believes the altcoin’s value construction means that it’s nearly able to surge.
“Not likely an entire lot of charts currently, however not gonna lie, between the bizarre spot bid and the launchy wanting setup, I feel I would like to begin TWAPing (time-weighted common value) XRP.”
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