XRP / US DOLLAR .2 - Proper Bullish Pennant?
Updated
Another potential scenario for XRP. Price is currently developing in massive bullish pennant which qualifies as a continuation pattern - being formed after a sharp advance in price that occurred in September. Current conditions can also be described as re- accumulation phase (Higher lows after pumps thus sign of strength) which usually serves as cause for future uptrend (effect). Another important thing to notice is that pennant is made of major consecutive trends (long term supply and demand) - thus an explosive movement out of the pattern is expected. If this plays out - target as per triangular span and pole would be $1.00 - and above.
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