Hey ladies and gentlemen.
As many of you know, and hopefully all of you otherwise you haven't been paying attention to the market. XRP took a big hit yesterday. Because BTC had it's unique moments again. Hopefully no one took a big loss, if so - it's gonna be okay, you'll make the money back.
So, what do we see on the daily chart?:
Wen can see an ascending triangle that XRP is trading in. As you can see, I drew a little support zone inside the triangle. If everything goes as planned, there's a good chance that XRP could retest that support level and then break the resistance level of the triangle. If we break out of the resistance level of the triangle, then we could see our first Target Price around $1.40. Our main Target Price of the triangle pattern itself is around $1.89.
BTW: the 50 EMA is acting as support level for XRP which is also a good sign.
That's it for this analysis. If you discovered something new or you thought it was quite valuable - give it a like to support this idea!
If you don't like this idea, you can follow me.
See ya✌️
As many of you know, and hopefully all of you otherwise you haven't been paying attention to the market. XRP took a big hit yesterday. Because BTC had it's unique moments again. Hopefully no one took a big loss, if so - it's gonna be okay, you'll make the money back.
So, what do we see on the daily chart?:
Wen can see an ascending triangle that XRP is trading in. As you can see, I drew a little support zone inside the triangle. If everything goes as planned, there's a good chance that XRP could retest that support level and then break the resistance level of the triangle. If we break out of the resistance level of the triangle, then we could see our first Target Price around $1.40. Our main Target Price of the triangle pattern itself is around $1.89.
BTW: the 50 EMA is acting as support level for XRP which is also a good sign.
That's it for this analysis. If you discovered something new or you thought it was quite valuable - give it a like to support this idea!
If you don't like this idea, you can follow me.
See ya✌️