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WiseAnalyze
Jul 1, 2021 6:55 PM

XRP trendline and falling wedge 

XRP / TetherUS PERPETUAL CONTRACTBinance

Description



XRP daily got a beautiful upper trendline with 4 touches - pretty serious and make it same good as horizontal zones. In case of breakout it will cause a strong bullish impulse.

Support at 5400-5700 also very strong - moderate chances for bounce since it will be only second test and guaranteed strong bearish impulse in case of break down that should take price down to 4000-4200.

Looking for falling wedge breakout opportunity with nearest target at 0.85

P.S. Maybe breakout will come earlier. Only higher timeframes are against it. Smaller TF might give it a chance.

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