Add as a preferred source on GoogleBitcoin Boy’s XRP Chart Compares Current Setup With 2017 Rally
The chart pairs a 2016 breakout with a 306-day rally across 10 monthly bars, while showing XRP below descending resistance in its current setup.
Bitcoin Boy (@btcbox123) posted a chart on X Wednesday, Nov. 11, presenting XRP (XRP) below descending resistance and comparing it with the setup before the 2017 rally.
His chart depicts XRP trading below a descending resistance line for an extended period in 2016 before breaking above it. The chart pairs that move with a 306-day rally spanning 10 monthly bars.
For the current setup, the chart shows XRP still below the downward-sloping line after facing resistance and pulling back. The breakout that anchors the comparison has not occurred in the chart’s presentation.
Bitcoin Boy’s chart frames a confirmed break above descending resistance as the trigger for its comparison scenario. It does not establish that XRP will repeat the earlier rally.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.