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nagihatoum
Sep 30, 2023 6:52 PM

XRP most likely bullish Long

XRP / TetherUS PERPETUAL CONTRACTBinance

Description

XRP has successfully broking above the C-fork and 45 degrees Gann fan line, momentarily testing the resistance of the horizontal range at 0.5494 and retracing.

The price has maintained its position above the midline of the descending channel. This is potentially bullish.

the midline of the descending channel is also the neckline of an inverse head and shoulders pattern. Price has broken above the inverse H&S neckline and retested it. the inverse H&S potential measured move target is 0.5637.

Comment

1st and 2nd target reached.
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