XRP Forming Nice Triangle Pattern
Updated
XRP has now formed a somewhat bullish triangle. Calling a bullish one simply because of where the price has entered from, which is from the bottom. Even though it looks like a bullish triangle right now, the price can fall downwards. If it falls down through, we will be seeing a lower targets (orange, red and purple support lines). If price decides to go down, we could most likely fall through orange and possibly two red support lines, where then a purple one could reverse the price upwards again.
On the other hand, if we brake upwards from the triangle we have to break above blue resistence line to start getting some real bullish signs.
XRPUSD
On the other hand, if we brake upwards from the triangle we have to break above blue resistence line to start getting some real bullish signs.
XRPUSDNote
On a 15min chart we can see a nice bullish pennant being formed as of now.
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