XRP is fighting hard to break the trend, but will it succeed?

XRP / Euro (KRAKEN:XRPEUR)

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KRAKEN:XRPEUR XRP / Euro

XRPEUR is challenging the current trend wave ever since last week. If it breaks the trend in the next 12 hours, €1,23 is in sight. Otherwise it could keep falling along the trendline to potentially €0,82 by the end of this month.

As it also didn't succeed in breaking out at the end of the triangle I think it is very likely that it will continue falling.

Komen:

As of this morning XRP is about to break it's 3 week bearish trend. On my 4 hour chart it's already above the trendline, and looking at a resistance of 1.02. If it breaks the Fib retracement at this level it could go up to 1,05.

So, looking good for now!

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