XRP attempted to break this flag formation twice with no conviction. The result was a breakdown of the range bound trading and a move to the 200 EMA on the 15 minute chart and perhaps final support point of this down-sloping channel. We will need to reverse back up strong if the long awaited $0.27 target will ever be seen. If the Flag fails will should see price return to $0.25.
Feel free to leave a comment ! Let me know what you think !
Feel free to leave a comment ! Let me know what you think !
Note
0.618 support
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0.382 support
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4 H timeframe
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Approaching critical resistance!
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Breakout seems suspect at the moment
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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.