XRP - Potential Downmove ⚠️
Updated
Hi guys, just wanted to make a quick update for you. I saw something quite interesting on the XRP chart. Right now, BTC isn't performing well and this has an effect on XRP. Besides that, as you can see on the chart, XRP is forming a Head and Shoulders Pattern.
The target price of the H&S pattern is around $1.1130. That's a decrease of almost 5%. Of course this only happens if the price closes below the neckline of the pattern, and even then, anything can happen in crypto.
Just wanted to share this with you. XRP is definitely still performing well, so don't panic.
Don't forget to support this idea by giving it a like, and if you don't like it you can follow me.
That's it for this analysis, see ya✌️
The target price of the H&S pattern is around $1.1130. That's a decrease of almost 5%. Of course this only happens if the price closes below the neckline of the pattern, and even then, anything can happen in crypto.
Just wanted to share this with you. XRP is definitely still performing well, so don't panic.
Don't forget to support this idea by giving it a like, and if you don't like it you can follow me.
That's it for this analysis, see ya✌️
Trade closed: target reached
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