Looking at XRP I see price breaking out of the daily downtrend with a invert head and shoulders pattern. In my experience these patterns have strong impulses in crypto trading and I expect BTC ETH and XRP all to move up from these levels as we are already seeing breakouts to upside on lower timeframes too.
16.June (today) is also big for XRP and SEC case, so potential news regarding the case could attribute to XRP breakout and strong moves up.
Immediate resistance level at 2.60. IF broken, price would then go towards the 3 dollar mark. Must look out for potential profit taking in these levels and in current political sphere should not expect any explosive moves right away.
16.June (today) is also big for XRP and SEC case, so potential news regarding the case could attribute to XRP breakout and strong moves up.
Immediate resistance level at 2.60. IF broken, price would then go towards the 3 dollar mark. Must look out for potential profit taking in these levels and in current political sphere should not expect any explosive moves right away.
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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.