Technical analysis by observingthetrade about Symbol XRP: Buy recommendation (7/31/2024)

Recent price action has sent the weekly candle above this multi year triangle I have drawn on the chart here. I have left this wedge formation untouched for years. It has been interesting to see it following so well. With every day the sentiment towards seamless transactions and secured digital money are more of a reality. All while fiat is silently hyper-inflating. I am bullish and long especially if the weekly candle closed above the line of resistance. I will re-evaulate upon the weekly close and following weeks.