BTC has formed a descending wedge on the 4hr chart. This bullish pattern is also backed up by respect for the 61.8% fib. Expecting a breakout soon with 9200-9500 the take profit target for this move.
This falling wedge traditionally marks the end of a downtrend, the set-up is perfect for XRP. Ideally touch the lower support level once more either at 19c or 16c, then we should see a significant bullish more.
We're currenly in a limited resistance, descending channel on the 4 hour - trading within a bullish ascending triangle. I've set up the chart to reflect important levels, resistance and targets.
Looking for weekly closure above .415, current support is at .405, should it be broken we may change our focus.
