This morning I noticed a nice setup for a breakout above a major resistance for XRP which could bring us to an all time high. Looking at the hourly chart, we see a nice ascending wedge / triangle pattern forming and also an increasing line of support. It's fast approaching $0.28 which is a bit more evident as the number to beat when we look at the second chart.

That major resistance I was talking about at $0.28 might as well be considered the all time high from a daily chart perspective because the only thing I see above that number is upper wicks, meaning XRP didn't close the day above $0.28.

A couple of things to note on the daily chart

• RSI is only at 61 so we could see a pretty big pop before XRP takes a break (if we see a strong breakout)
• Price is just below upper bollinger band and will most likely break above it if we see a break above $0.28
• This will be XRP's third attempt to decisively break out to a new all time high in the past few months.

I'm a holder of a moderate amount so fingers crossed! I'd love to see this speculation come to fruition like my Monero call a few days ago!

*Charts courtesy of Bittrex

This is for entertainment purposes only and does not represent investing or trading advice. Please do your own due diligence before trading or investing because it's easy to lose money, especially in the crypt market.