XRP Shows Most Bullish Setup In Crypto Right Now, Insists This Trader
This trader believes that XRP may be on the way to break the long-term downtrend
Verified Twitter user Cameron Fous, who runs educational courses for crypto traders, has posted a tweet saying that XRP coin has the most bullish setup among all cryptocurrencies in the market right now.
XRP Shows ‘Revival Erupting in Games’
According to the chart he shared, currently the seventh largest crypto, Ripple-linked XRP, has a revival burst in play that could potentially break the coin’s downtrend that has been going on for several years now after the coin reached an all-time high of $3 .84 in early January 2018.
At the time of this publication, XRP is trading 89.42% below its all-time high. Now, the trader says, XRP appears to be able to break out of this downtrend, despite the current bear market.
$XRP has the most bullish setup of all #crypto currently. Revival breakout in play with the potential to break out of the long-term downtrend in the face of the bear market.
RT if you agree#XRP #xrfarmy pic.twitter.com/5oeDt6TgpX
— Cameron Fous (@Cameronfous) 21 September 2022
XRP is expected to close above $0.41
Pseudonymous founder of AltCryptoTalk, @AltCryptoGems, has also shared that he sees XRP’s course as bullish. He has mentioned that the coin has held above the support marked on the chart and broke above the symmetrical triangle, which he talked about during the previous XRP update.
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After a golden cross appeared on the XRP chart, he expects XRP to close daily trading above the $0.41 resistance line, adding that the coin can then be expected to move towards $0.471.
$XRP Update!📊#XRP held above the support and managed to break above the symmetrical triangle we talked about in our last update!
A golden cross also occurred. The day needs to close above the $0.41 resistance and then we can have a measured move towards $0.471. pic.twitter.com/4Qpz1e2LTR
— Alt Crypto Gems (@AltCryptoGems) 21 September 2022
XRP on the rise and gains 22%
Over the past few days, XRP has made strong attempts to recoup some of its losses, with two increases of more than 22% and 23% each. Since its last rally on September 20, it has fallen about 5%.
Crypto influencer David Gokhshtein, founder of Gokhshtein Media, has been bullish on XRP in his recent tweets. In particular, he mentioned that the community feels that the long-running trial by the SEC against Ripple is coming to an end, and the recent increases in the price of XRP are a good proof of that.
