#Ripple (#XRP) Poised For A Massive Breakout In The Days Ahead
Ripple (XRP) has had an extraordinary correction. Most investors not familiar with Ripple (XRP) would find it hard to believe that the third largest coin by market cap fell from $3.2 to current levels. This extensive correction is an indication that Ripple (XRP) attracted a lot of quick buck artists. However, recently many investors have come to value Ripple (XRP) as a long term investment as they believe it will eventually dominate the trillion dollars forex market.
How, when or if that will ever happen is not yet clear but one thing is clear that Ripple (XRP) has bottomed out for now and is now ready to begin a new cycle. The price of Ripple (XRP) has been trading in a giant bullish garter pattern that extends all the way to 2017. This means that Ripple (XRP) had two big rallies in a period of almost two years. The majority of Ripple (XRP)’s trading period is spent in the red. The green days are fewer but stronger. This is also the reason why there are so many Ripple (XRP) hodlers. The price of Ripple (XRP) may rise in a matter of weeks and then stay down for the rest of the year and you might miss out on all your gains for the year. This mindset has created plenty of hodlers in the crypto community but when it comes to Ripple (XRP), the number of hodlers is the highest among all investors.