Inverse Head and Shoulders pattern Channel resistance breakout Bounce off 200 MA Will likely head towards retesting ATH.
This is a bullish reverse head and shoulder formation. If it holds we are looking at 58K retest within days.
Second bull flag is complete, ready to launch!
48k short term only, trend is still bullish.
Back test from 50k + Support level accepted at 47k + 1H golden cross 50-200 MA + Bullish Flag pattern = Moonshot
Possibility of a upward breakout in the next 24 hours.
Save your money, you should not buy the dips as you risk not getting an opportunity to liquidate at exchanges for the near future.
The downward channel resistance line has been broken to the upside.
XRP has tried twice to cross below the 200 MA and failed, looks good for some price action above current levels into the weekend.
XRP is stuck between $0.58 and $0.68 range. The 200 MA support level has been tested and so far unbroken. Next stop is 0.80 to 0.85 if it can break out of the trading range.
Likelihood of a downward move to the 200 MA support level on the 1H chart or 1.1895 in the next 7 hours.
Looking at a 5-10% price appreciation over the next 4 to 5 days.
Likelihood of an upward move to $0.73 in the next 24 hours.