XRP could soon complete a giant 3 years + CUP & HANDLE formation.
At the moment we have touched base at 57 cents (going slightly below) which corresponded at the 3 years bear market resistance (now support).
The low side of the handle has been reached and we are rising to complete the upper side of the handle.
Once the 1 $ level is cleared we could see an explosive rise and it is not out of question that we will rise without even stopping at former resistance (2 $).
The implied target of the H&S pattern is around 20 $.
Interesting times lie ahead.
At the moment we have touched base at 57 cents (going slightly below) which corresponded at the 3 years bear market resistance (now support).
The low side of the handle has been reached and we are rising to complete the upper side of the handle.
Once the 1 $ level is cleared we could see an explosive rise and it is not out of question that we will rise without even stopping at former resistance (2 $).
The implied target of the H&S pattern is around 20 $.
Interesting times lie ahead.
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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.