XRPLong
Last Time XRPUSD Will Be Under $1! Raise the "Flags"!
XRPUSD - Bull Flag PredictionBased on lack of Volume and price falling into a Descending Channel.
The suspected Flagpole from the Low @ .4860 before the Rally to the current High @ 1.26541, suggest a potential 160% increase in price once a Bullish Break confirms the Bull Flag!
First, Price will make a Retracement to the 38.2% Fibonacci Level, testing the July 2023 Highs and the Support of the Descending Channel around .94 - .92 cents.
Added confluence is the Retracement would also be testing the 200 EMA since the appearance of Golden Cross across all Timeframes!
This could be the Last Time
XRPUSD sees below $1!! Rallies come in waves, if you missed the first, don't miss this one!!
Note
Price has broken down below the Rising Support with the RSI working down below 50 along with Bearish Volume building up.
These confluences could be signaling that price may be getting ready to take
XRPUSD down to test the July 2023 Highs!
Novi_FIbonacci
Telegram - t.me/+l3fTcsZu91ZiZDkx
Telegram - t.me/+l3fTcsZu91ZiZDkx
Related publications
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.