Technical Analysis

Ripple Is Breaking Bullish TriangleNov 15, 2024

We talked about Ripple with ticker XRPUSD back on September 12. We also shared a free chart, where we mentioned and highlighted that a larger bullish triangle pattern in wave IV is coming to an end that we may see a bullish breakout for wave V. CLICK HERE

XRPUSD Weekly Chart From September 12

As you can see today on November 15th, XRPUSD is breaking out of a larger bullish wave IV triangle pattern, which means that wave V can be already underway, especially if breaks 0.95 bullish confirmation level, just watch out on short-term pullbacks.

XRPUSD Weekly Chart From November 15

The reason why Ripple could extend higher is the upcoming launch of Ripple USD (RLUSD). Ripple USD (RLUSD) is a new stablecoin aimed at bridging blockchain and traditional finance. Designed for enterprise use, RLUSD focuses on stability, efficiency, and transparency, enhancing Ripple’s cross-border payments and meeting the demand for USD transactions. Read more HERE.

If you want to catch up some short-term pullbacks, you may want to become a member of www.wavetraders.com

For more analysis like this, you may want to watch below our latest recording of a live webinar streamed on Monday Novermber 11 2024:

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