It can be seen to be forming a triangle in its most recent movements. Triangular formations are equally likely to move either way. As a result, if the price is rejected, it could fall to its previous lows marked in red. The initial target price is roughly 0.17, which was recently tested. If it were to break this point, it could rise as high as 0.21. With an optimistic, although nit realistic outlook, it could rebound back to 0.28 levels.
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Clearly XRP has had a significant move up and is now consolidating around TP3. This is, however, a longer hold so I shall continue to analyse its movements.
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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.