XRP triangle convergence
After breaking the neckline of the reverse H&S (marked by the yellow bottom rectangle), XRP successfully reached a high of 0.5486.
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At present, XRP forms a triangular convergence, with 0.4225 and 0.5486 as the low and high points, the price is at 0.4707 (0.618), and there is a top pattern (the lightning mark), and the target price will be at 0.4311. If XRP stops falling around 0.4225~0.4311, you can enter the market with a long order, and the stop loss price can be set to the previous low of 0.4225.
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Below support after XRP broke below the trendline:
0.3743
0.3446
0.3260 (POC at the bottom of head and shoulders)
0.2964
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-
At present, XRP forms a triangular convergence, with 0.4225 and 0.5486 as the low and high points, the price is at 0.4707 (0.618), and there is a top pattern (the lightning mark), and the target price will be at 0.4311. If XRP stops falling around 0.4225~0.4311, you can enter the market with a long order, and the stop loss price can be set to the previous low of 0.4225.
-
Below support after XRP broke below the trendline:
0.3743
0.3446
0.3260 (POC at the bottom of head and shoulders)
0.2964
-
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