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Target 1: 0,2910
Target 2: 0,3040
Target 3: 0,3200
Risk: 0,5 % - 1%
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Peace and good...
Hi friends, hope you are well. In my previous post on Ripple with Bitcoin pair we have seen that the XRP had completed the formation of bullish BAT pattern. This chart was based on midterm 2 days time period and as per Fibonacci sequence of BAT I predicted that the price action should move up from the potential reversal zone of this pattern to enter in the...
Looking at the daily, XRP has created a descending triangle which is a continuation pattern of the correction that XRP is currently having. Taking a look at the Fibonacci from XRP's last big bull run to $0.78 the floor of the descending triangle has formed at the 0.62 support line. Assuming that the descending triangle follows a normal pattern, we will see XRP...
Cryptocurrencies are generally in an uptrend and Ripple is no exception. Even though prices have been correcting in the last few days, it seems like Ripple is now bottoming up and towing with the main trend. As such, I recommend buying Ripple (XRP) and targeting $1.41 in the long term.