Big Gains for Ripple on the Horizon?

Ready For a Breakout?

XRP has been having a pretty good week. Back on the 10th we saw the bulls go to the races regaining a good chunk of the retracement that we saw previously. Now the chart appears to be forming a cup and handle pattern while trading price and volume looks to be coiling up for a big move. This typically indicates that there is an upward breakout on the horizon. During FUDuary I dollar-cost-averaged my holdings in XRP down to $1.02 so I have been teetering between profit and loss as the price has been coiling up between about $0.98 and $1.04 on Binance. Needless to say a breakout to at least the 130k satoshi level of the other side of the cup would make me a very happy camper!

Check out my previous post on how XRP is a gateway cryptocurrency here: https://steemit.com/cryptocurrency/@stwbll/xrp-ripple-the-gateway-crypto

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