XRP/USDT - Idea for future price action
in the short term the price of xrp will fall, but in the long run it goes sky high.
The formation of a pennant can be seen on the 4H diagram. I am of the opinion that after the price has risen by more than 60% in a short time, it is necessary to reach a larger correction than has occurred so far.
The current RSI on the daily chart is still high, indicating a drop in price.
in order for the price of XRP values to continue to rise, a correction will have to occur first. As support, I see a value of 0.255 USDT, a value that on a large time scale was both support and resistance.
This is my idea, not financial advice
The formation of a pennant can be seen on the 4H diagram. I am of the opinion that after the price has risen by more than 60% in a short time, it is necessary to reach a larger correction than has occurred so far.
The current RSI on the daily chart is still high, indicating a drop in price.
in order for the price of XRP values to continue to rise, a correction will have to occur first. As support, I see a value of 0.255 USDT, a value that on a large time scale was both support and resistance.
This is my idea, not financial advice
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