Hello Traders, this is Ripplayer
XRP has been forming this beautiful Ascending Triangle and getting ready to break out to the upside.
This trade could take us to our target $1.16
If you were to open a trade, wait for the confirmation breakout with volume support!
Always take some profit below the target.
"Ascending Triangle"
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern.
Ascending triangles are a bullish formation that anticipates an upside breakout.
Descending triangles are a bearish formation that anticipates a downside breakout.
Thank you, Traders, for taking your time to have a look at my Analysis. Have a fantastic day and a safe trading, all the Best!
"Chance favors the prepared mind.” – Louis Pasteur
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Disclaimer!
Information provided is not a financial advice, it is only educational purposes. You make your own choice!