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Altsignals
Jun 17, 2021 3:01 PM

XRP - Breakout Needed! 

XRP Perpetual Futures ContractBinance

Description

Ripple has been really boring as of late with not much happening. We are now at a very critical time where we can see price being squeezed within a flat triangle pattern. We'll be watching for a breakout in either direction to tell us what the next move is going to be and then follow the short term trend to either side of the parallel channel.

Once we see a breakout, we can look for entry opportunities such as flags, retests etc.

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