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$xrp bouncing off support, target to reach $3.70

Long
KRAKEN:XRPUSD   XRP
After a market scare, XRP proves to be resilient and currently at the support price of $2.30 $2.50 region.

We will see the price accumulation that will form a symmetrical triangle that indicates a bullish pattern. This theory is further supported by the MA, EMA chart which has not crossover when viewed weekly perspective.

In addition, the fib retracement confirms the level of support and resistant.

Target price $3.70.

Support at $2.50, $1.80 and $1.04.



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