XRP is in a local uptrend. There is no reason to be sure of a strong bullish move, the market is still dominated by bearish sentiment, but several bullish patterns are forming on the chart.
An upward price channel, the price fell from resistance to support and formed a "triangle" pattern by its movement structure. The price is not allowed below 0.3871, below the level there is a strong liquidity zone in the bull market.
I expect in the future the possibility of breaking resistance and the formation of a bullish momentum. The nearest target for a long position is resistance at 0.45000. But in case of breakdown of the support of the triangle the price may fall to 0.3513.
Regards R. Linda!
Комментарий
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Channel and pattern support is broken. Price opens the potential to fall to 0.3513
@RLinda, Hello. Unfortunately, we have doubts about XRP and its continuation upward. We stated right at the beginning of the rally that it was unsustainable. Here is our latest article.
TheNewsCrypto
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I like your TA method, good analysis)
SwallowPremium
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Absolutely agree with your point of view, thanks for sharing!!
Gold-Tech
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Thanks for sharing
TheSignalyst
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awaiting the breakout first too :) thakns Linda
KlejdiCuni
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I am watching for the same price development. Thanks