A break of this long-term descending resistance line could trigger a major trend reversal, solidifying the boom of the next major bull market.
Also, in fact, XRP is currently in the spring phase of an extremely bullish technical lineup.
XRP has a breakout when the technique is extremely bullish
At the time of writing, XRP is trading up nearly 1% with the current price of $ 0.24. It has dropped slightly from a daily high of $ 2.53, marking a notable increase from a daily low of $ 0.23 – set yesterday just prior to the breakout rally.
XRP is the only major altcoin currently rising, countering the downtrend of the entire top 10.
It is important to note that the token is also in the Wyckoff accumulation pattern for the past few weeks, having recently entered the spring period. This means that the current rally of XRP could be the start of an uptrend.
“XRP – Sometimes you should stop and look around … you might have missed it!”.
$ XRP – Once in a while you gotta stop and look around…. you could miss it
Spring it! pic.twitter.com/45VcIwt7xZ
– TraderXO (@ TraderX0X0) February 1, 2020
The two-year downtrend is about to end
In addition to confirming an extremely optimistic technical formation, XRP also appears to be on top of a break above a descending resistance line that has hampered its price action for 750 days.
A break above this level could spark a major uptrend, which could see some huge profits, marking the beginning of a year of extreme growth.
“It's time to say goodbye to 750 days of bearish market. Pump ”.
Time to say bye-bye to 750 days of bear market.
– Galaxy (@galaxyBTC) February 2, 2020
As XRP is about to break through major resistance, the gains it sees over the next few days and weeks can be very intense, allowing it to significantly outperform both Bitcoin and other major cryptocurrencies.
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