XRP has shown significant movement over the past two months, but this is merely a warrior's rest. Another move is expected soon, following the formation of a triangle pattern with a 40-day consolidation and high volume.🔥
This pattern also aligns with the bullish flag formation.
The safest entry lies in the breakout of the triangle, with targets outlined on the chart:
T1 - $2.86
T2 - $3.19
T3 - $3.40 (where I anticipate a pause and potential correction).
Important Note: While the triangle pattern appears bullish in this case due to its resemblance to a flag, it is inherently neutral. A break below the lower trendline could open the door for sell trades with targets:
$1.80 / $1.60.
In any case, I’ll update the analysis later.
Happy trading, folks!
XRPUSDT XRPUSD XRPUSD XRPUSD XRPUSD 
BTCUSDT
This pattern also aligns with the bullish flag formation.
The safest entry lies in the breakout of the triangle, with targets outlined on the chart:
T1 - $2.86
T2 - $3.19
T3 - $3.40 (where I anticipate a pause and potential correction).
Important Note: While the triangle pattern appears bullish in this case due to its resemblance to a flag, it is inherently neutral. A break below the lower trendline could open the door for sell trades with targets:
$1.80 / $1.60.
In any case, I’ll update the analysis later.
Happy trading, folks!
XRPUSDT XRPUSD XRPUSD XRPUSD XRPUSD BTCUSDT Trade closed: target reached
Target 1 Reached ( I did sell 70% of my xrp)Note
All target done Al Hamdullilah.
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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.