I stumbled upon a recurring pattern on the XRP daily chart. It seems like every time $XRP has retraced back to the 0.5 Fib level before it bounces off it. Now as XRP could be breaking out of the descending triangle or you could call it a massive bull flag, we could potentially finally see XRP Move back up to newer highs in the upcoming months.
By monitor the price action we're looking for...
"If bullish" = hammer candle or bullish engulf on 1 hr / 15 min
"if bearish" = shooting star or bearish engulf on 1 hr / 15 min
If one of these price actions do not occur at the target area, I will NOT be entering any trade.
