Looking at the XRP chart, we see a very similar price action pattern playing out. A break of this very long channel could result in a large move from the so-called "Sleeping Giant"
Note
So far looking great, hit the R3 pivot and now we're seeing a pause. It's likely we see some consolidation and another push-up.Note
Looks like we got the pullback to test support, if XRP can hold this level by the weekly close, then we'll likely see XRP recover nicely.
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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.