Since Ripple breaks the upper trend line of the current pattern rising wedge, the correction began.
The main question is how deep XRP can go?
Here are 3 possible scenarios:
BULLISH: If XRP now rises above 3580 and stays above this price level there will be opportunities to re-test the upper trend line of the rising wedge.
LESS BULISSH: Fall to the lower trend line of the rising wedge and bounce from there.
BEARISH: Breakthrough the lower trend line of the rising wedge. In this case, it can drop up to the 2940 sats. (optional 3261 sats)
The main question is how deep XRP can go?
Here are 3 possible scenarios:
BULLISH: If XRP now rises above 3580 and stays above this price level there will be opportunities to re-test the upper trend line of the rising wedge.
LESS BULISSH: Fall to the lower trend line of the rising wedge and bounce from there.
BEARISH: Breakthrough the lower trend line of the rising wedge. In this case, it can drop up to the 2940 sats. (optional 3261 sats)
Note
The support line at 3580 holding for the now, but you have to be very careful about it. If it breaks the further drop is expected. In the meanwhile, XRP hit our target successfully.
Note
Sorry ... above chart is for btc. This one is for Xrp
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.