bigstock2001
Long

XRP current situation

POLONIEX:XRPUSD   Ripple / Dollar
307 0 7
XRP is one of my favorite currencies. I think it has a ton of potential. I am also very happy with how it has performed during this current market correction. It currently has the same problem has the rest of the currencies I follow though its short on volume . As you can see by the trend lines XRP will have to move in a direction very soon. It has tried several times to push through the upper trend lines and was unable to hold its ground. I think with holidays and overall bearish market pressure from different news about coin base and insider trading it seems like investors are in limbo at the moment. Even though ripple is not traded on that exchange I feel the news has effected the overall market. I think in the next day or so we will see XRP push through the upper trend line and move to the first line of resistance at about 1.05 If it can push through there 1.20 should be a good target for XRP to reach.
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