XRP getting closer to turning point
This is not financial advice, only what I see on the charts.
If we look at the weekly chart of XRP, there is a huge Dragon formation formed, spanning over multiple years.
Price action is now moving between a narrow space of support and resistance and at the low of the rising channel while Stoch SRI is getting closer to a bottom.
Once it breaks resistance and price gets over the orange line, we can look at targets of $1.32, $1.95 and $2.41.
On the other side, if support is broken it could get much lower, but this would invalidate the huge Dragon pattern and is less likely to happen.
If we look at the weekly chart of XRP, there is a huge Dragon formation formed, spanning over multiple years.
Price action is now moving between a narrow space of support and resistance and at the low of the rising channel while Stoch SRI is getting closer to a bottom.
Once it breaks resistance and price gets over the orange line, we can look at targets of $1.32, $1.95 and $2.41.
On the other side, if support is broken it could get much lower, but this would invalidate the huge Dragon pattern and is less likely to happen.
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