In the words of DJ Khaled , "anotha' one."
We got another Bullish Pennant on the $XRP/
USD 1H Chart.
With highs meeting downtrend resistance and Higher Lows showing strong Bull sentiment. Short Term goal is $2.9 - $3 with expansion to Hi of $3.30 later this week. #XRP #Ripple
We got another Bullish Pennant on the $XRP/
USD 1H Chart. With highs meeting downtrend resistance and Higher Lows showing strong Bull sentiment. Short Term goal is $2.9 - $3 with expansion to Hi of $3.30 later this week. #XRP #Ripple
Trade active
The movement turned against us for the short term, looks like the slightly lower highs were also indicative of a tight squeeze.We found support at $2.50 and I'm fairly confident our target is still intact within the next 12 hours.
Note
$2.20 is the most recent support tested, with a strong rejection.If we break $2.20, expect to test $2.10, $2.20, with a complete possible retrace of 50% from $1.80 - $2.00.
We saw a 50% retrace on XRP/BTC during BTC's crash on December 20th.
Expect a potential similar correction if trends continue.
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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.