Prepare For Lift Off $XRP $XRPUSD #Crypto

Looking at our trend timeframe we see XRP has remained in a downtrend, stochastic rsi showing momentum in favor of the bears. This week's candle currently testing minor support is this the beginning of an uptrend.

Shifting over to our pattern timeframe we see XRP has tested the $0.2200 zone on multiple occasions and it won't seem to budge. Stochastic RSI showing momentum was in of the bears and is now shifting into the bulls. Taking a closer look at our most recent daily candles we can see the last (5) candles including today's have formed higher lows, could be a sign we want to head to the upside. A daily close above $0.2390 and expect XRP to make a move towards the upside.

Finally looking at our trigger timeframe we see XRP has formed inverse head shoulders, with a shift in momentum towards the upside. A 4hour close above $0.2380 and expect the price to shoot up towards $0.2700. Rejection from this level leads towards a possible sell-off to $0.2000

Related Ideas