XRP is on the verge of breaking up from the big descending wedge. The price is inside a local ascending triangle. Both are bullish actions.
The price is likely to go up.
My targets are on the chart.
This is not financial advice. DYOR.
A falling wedge is a bullish chart pattern (said to be "of reversal"). It is formed by two converging bearish lines.
A falling wedge is confirmed/valid if it has a good oscillation between the two falling straight lines. The upper line is the resistance line; the lower line is the support line.
Each of these lines must have been touched at least twice to validate...