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The MACD is show an inclination towards a potential bullish crossover... We can also see the price continually bounce off the 200 day MA... In my mind, any strong news from Ripple has the potential to act as a long overdue breakout. Any thoughts from more experienced chart monkeys?
https://bravenewcoin.com/news/ripple-price-analysis-trend-reversal-likely/ "The conference will also likely include an announcement regarding further mainstream bank adoption, possibly in Australia. Ripple recently gained a foothold in Mumbai, South Korea, and Singapore." "Expect a second conclusive announcement from XRP CEO Brad Garlinghouse regarding the 55 billion XRP Ripple the company is sitting on." Conclusion With a large XRP conference in Toronto beginning next week, expect several announcements and partnerships to develop. Typically, markets buy the rumor and sell the news. For this reason, further bullish momentum leading into the conference is likely. After the dust settles, the bull trend will likely continue based on decreasing available supply and increasing worldwide demand, adoption, and awareness. All the technicals presented above continue to support a trend reversal, albeit not definitive at this point in time. Ichimoku Cloud, EMAs, Pitchforks, and Bollinger Bands have begun to slowly flip bullish on high timeframes. Aggressive entries have likely already been made while traders requiring more confirmation will need at least a week or two before the trend shift becomes obvious. An immediate target of 13.8k sats is probable simply based on the 50% retracement level.