XRP has broken above its downward sloping trendline resistance thumpingly on higher than average volumes. XRP is currently trading 7% up at around 93 cents. Bitcoin has been on an upswing recently and if you read one of mt earlier posts about it, it also spoke of breach of a similar downard sloping trendline in BTC as well.
That has caused all the altcoins to rise in value. There is a saying in the stock markets "A rising tide lifts all boats" and this is precisely whats been happening recently over the last week.
Technical Target of XRP
The immediate short term target of XRP is $ 1.35, which is a 50% projection from levels of 90 cents. Once above that the medium term target is 2.80 and it is slowly but surely poised for all-time highs
I foresee a long term target of roughly $10 as that level is a 1400% projection from levels of 70 cents.
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