With Bitcoin (BTC) recently recording its own big breakout, the altcoins are not likely to be far behind. Both Ripple (XRP) and Cardano (ADA) are moving into position for breakouts. Could this happen in the next day or two, or could there be a rejection first?
Source: TradingView
The $XRP price is on its way back to a descending trendline in force since the all-time high last July. Three touches of the trendline have now taken place, which puts the next touch on alert for a breakout.
As can be seen in the 4-hour chart above, the price will not only have to break through the trendline, but also the big horizontal resistance at $3. Much will depend on whether Bitcoin can continue positive price action. If $BTC starts to fall …
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