XRPLong
Bull Flag breakout
Updated
Hi
So about 3 days ago I presented the idea of a bull flag for XRP, with a target of 85 cents. We can see that yesterday the breakout happened, combined with a crossing of EMA50 - EMA200.
I think today - Thursday April 19 and Friday, we might see a continuity in this breakout with a target of 85-86 cents, perhaps a little bit more towards .90 cents.
Volume is continuously increasing which is also a good sign.
I'm bullish and have bought this breakout.
So about 3 days ago I presented the idea of a bull flag for XRP, with a target of 85 cents. We can see that yesterday the breakout happened, combined with a crossing of EMA50 - EMA200.
I think today - Thursday April 19 and Friday, we might see a continuity in this breakout with a target of 85-86 cents, perhaps a little bit more towards .90 cents.
Volume is continuously increasing which is also a good sign.
I'm bullish and have bought this breakout.
Note
Watch the volume today. It has increased significantly in the last 24 hours and I believe this will continue. I would not be surprised to see 1B again when XRP pushes towards the flag target of 0.85 cents.
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.