A couple days ago XRP rocketed to the 0.32 region and melted all the way back to the downside. now that we have seen price break through the downtrend and retested, on the 1H we are preparing for the leg higer. however inorder to get more precise and calculated entries i broke down to the 30M chart to identify any trend lines which is currently holding price back...
as you can see, XRP has formed a bullish pennant and now with the triple bottom at play the pattern shall be fulfilled until it reaches the key level of 0.269000 before it melts to the likes of 0.24800, and even lower if the ground holds.
i believe the market will see a tap of the 0.22, 0.20 and the likes of 0.18 before and the at the early stages of the launching...
