🔥 XRP Potential Bull-Flag Formed: Bullish Break Out?
Updated
XRP has been gaining a lot of traction over the last couple of days, mainly because of bullish news concerning the lawsuit.
In my view, XRP topped in the short-term at around $0.56 and is consolidating since then. I'm looking at the triangle as a bull-flag, which is a bullish continuation pattern. With BTC trading relatively horizontal, it might actually be a decent time to make some short-term bullish bets.
Risk averse traders might want to wait for a break out of the pattern on the bullish side before going long.
In my view, XRP topped in the short-term at around $0.56 and is consolidating since then. I'm looking at the triangle as a bull-flag, which is a bullish continuation pattern. With BTC trading relatively horizontal, it might actually be a decent time to make some short-term bullish bets.
Risk averse traders might want to wait for a break out of the pattern on the bullish side before going long.
Note
Targets placed around recent tops, blue.
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