XRPUpdated XRP looking confident above the top trendline
That pink trendline is super clutch and xrp has closed a daily candle over it with confidence. Bodes well for a breakout confirmation imo. 3 current short term targets to hit here from 3 different patterns with the top one being 91 cents. I’m guessing the blue descending trendline will provide at least some initial resistance though.
Note
The orange 50ma is likely to help lift priceaction up there too considering it is likely to sustain the golden cross here.Note
First target hit already with exact wick precision!Note
You can see clearly how it has corrected after reaching that target thus forming the current wick.Note
Its not out of the question for priceaction to correct enough to retest the pink trendline or even the 50ma here on this pullback.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.