* XRP in 1H time frame forms falling wedge patter with upper trend-line as resistance for the price and the below trend-line as support.
* Falling wedge occurs when the price moves between two trend-lines slightly sloping downwards.
* The 200 EMA is also working as the resistance for the price.
* If XRP breaks the upper trend-line of the pattern we can expect a rally till $1.2400. XRP is bearish below the lower trend-line.
* Falling wedge occurs when the price moves between two trend-lines slightly sloping downwards.
* The 200 EMA is also working as the resistance for the price.
* If XRP breaks the upper trend-line of the pattern we can expect a rally till $1.2400. XRP is bearish below the lower trend-line.
Trade closed: target reached
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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.