I expect a few more days of sideways movement between 0.70 and 0.75 as $XRP fills in the Ascending Triangle formed between Monthly Pivot and the bullish trend-line plotted. In theory $XRP should move up the length of the flag pole plotted in yellow, but I do expect a pause at the bearish trend-line plotted. We should have enough technical grounds to break past (P+R1)/2 and the recent high at 0.92 once this Ascending Triangle is broken up.
WARNING: All flags, pennants and triangles can (rarely) break opposite namesake (bull flag = up), and in this isntance if the triangle breaks down after being further established, 0.55 is definitely within the realm of possibility. I would want to see another test of the Monthly Pivot at 0.75 to further confirm this triangle, so as long as we stay above 0.64 were still in OK position.
WARNING: All flags, pennants and triangles can (rarely) break opposite namesake (bull flag = up), and in this isntance if the triangle breaks down after being further established, 0.55 is definitely within the realm of possibility. I would want to see another test of the Monthly Pivot at 0.75 to further confirm this triangle, so as long as we stay above 0.64 were still in OK position.
