XRP is consolidating into an symmetrical triangle after an fast runup and breakout of the falling wedge
By drawing an pitchfork on the last runup in november to current lowest low you can see:
Support on the second trendline
Resistance from the median line
RSI is holding the 50 level, so we are still in an uptrend
And the stochastic RSI is crossing bullish
Be aware there was an death cross,
by printing some green candles or an upward breakout of the symmetricla triangle, this would be avoided
Possible Targets are the horizontals and pitchforktrendlines
By drawing an pitchfork on the last runup in november to current lowest low you can see:
Support on the second trendline
Resistance from the median line
RSI is holding the 50 level, so we are still in an uptrend
And the stochastic RSI is crossing bullish
Be aware there was an death cross,
by printing some green candles or an upward breakout of the symmetricla triangle, this would be avoided
Possible Targets are the horizontals and pitchforktrendlines
