XRP Extremely Bullish
Not much to say that the chart cannot say by itself.
- XRP has broken successfully on April 12 the big falling wedge and find support on the $0.62 - $0.64 area.
- It formed a Bullish Flag Pennant on the 4hr chart, that has already been broken to the upside, next target is around the $0.88 area, which is the potential upside of the flag pennant pole.
- The $0.88 area is also the .786 Fibo level (on yellow) of the overall trend, and is a consolidation zone of the past (21 Feb - 03 Mar, marked with the purple box).
We can expect XRP to continue the bullish run if we can do it trough the $0.90 area in the short term.
Trade safely.
- XRP has broken successfully on April 12 the big falling wedge and find support on the $0.62 - $0.64 area.
- It formed a Bullish Flag Pennant on the 4hr chart, that has already been broken to the upside, next target is around the $0.88 area, which is the potential upside of the flag pennant pole.
- The $0.88 area is also the .786 Fibo level (on yellow) of the overall trend, and is a consolidation zone of the past (21 Feb - 03 Mar, marked with the purple box).
We can expect XRP to continue the bullish run if we can do it trough the $0.90 area in the short term.
Trade safely.
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.