after the double top formation completed a few hours ago we now see XRP retesting two important areas:
- uptrend line
- support level
if XRP holds the current price it will be in the process of forming an IHS pattern that can put us back up to atleast 46 - 52 cents if the pattern plays out correctly
i will be closely monitoring this setup on the 1H - 4H...
if you check out part 1 of this publication below you will see that target was spot on
Currently XRP price is attempting to re-enter the the uptrend, this broken uptrend is the make or breaker determining whether XRP is gonna continue upwards. If price manages to stay above $0.30 cents we will likely have another run into the high $0.5x area. But price is also...
very decisive moment happening now for XRP on a TA perspective, either price closes above the 9 SMA with good volume or it faces rejection and dips lower. With the WT indicator still being in oversold levels + macd turning higher i say the probability of it going up to .32 cents is likely