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MAJOR XRP Breakout Just Days Away?
Let’s dive into it, before it’s too late 😅
We are currently sitting on 740+ Strong support line in form of a trend line seen below.
Why is this support significant?
Mostly because of the immense accumulation that we have been observing over last 2 Years. Even though to some it won’t appear as accumulation during the times we had run ups from $0.20 to $2.50 and above, on the grander scale it will soon appear as just a minor uptrend.
As you can see from a chart below (which looks at XRP over 5–6 year long historical movement which resulted in around 100,000% Value Increase) you will see that the ‘PUMP’ which we’ve seen back in October of 2013 will soon look similar to the ‘BULL RUN’ of 2017/2018 after we enter parabolic trend.
Let’s quickly get back to XRP / USD chart again, but this time also take a look at accumulation period from 2014–2017