XRP continuing to hit bullish breakout targets!
We can see the price action has hit the measured move breakout target of the blue symmetrical triangle…it is also now pumping above the 1 day 200ma on its way to hit the next target of the green channel it has also broken out of…once we hit that target we may see a retrace or slight correction or sideways consolidation before it continues upward because as you can see there is on this chart an even bigger triangle pattern with yellow trendlines that we have also broken above…I will save the target of that larger pattern for another idea. XRP continues to look very bullish. *not financial advice*
Note
We have already reached within 1 pip of the top breakout target on this bitstamp chart….and on my bybit xrpusd chart we have already hit and gone slightly higher than my top breakout target. I would start taking at least some profit at this point if I had any leverage open (not financial advice*
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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.