URL has been copied successfully!
XRP (CRYPTO: XRP) has gained roughly 10% over the past week, with traders increasingly pointing to a potential breakout as price compression continues higher timeframes.
Price Structure Compressed
In a Apr.16 podcast, Trader Cryptoinsightuk said XRP is forming a “compressed” structure, a pattern that often precedes sharp volatility expansions. While short-term weakness in Bitcoin (CRYPTO: BTC) remains a possibility, he argued that XRP’s broader setup is increasingly significant.
He says this compression, combined with several weekly indicators, is unusually significant.
Based on historical cycle behavior, he suggested XRP …
Please follow us:
