XRPLong
XRP Break Out
Price recently reentered the symmetrical triangle after consolidating at the POC line (YTD).
Recent candles took out several Fibonacci levels and closed above .5 Fibonacci level and the 50 MA.
OBV confirms the trend, MACD shows rising momentum and the ADX is curling upward signaling the start of a trend (weak)
The "long legged doji" suggests there will be consolidation within the range of the triangle, before breaking out.
Short term target: .44, .51
Recent candles took out several Fibonacci levels and closed above .5 Fibonacci level and the 50 MA.
OBV confirms the trend, MACD shows rising momentum and the ADX is curling upward signaling the start of a trend (weak)
The "long legged doji" suggests there will be consolidation within the range of the triangle, before breaking out.
Short term target: .44, .51
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