XRP Extremely Bullish
Not much to say that the chart cannot say by itself.
- XRP has broken successfully on April 12 the big falling wedge and find support on the $0.62 - $0.64 area.
- It formed a Bullish Flag Pennant on the 4hr chart, that has already been broken to the upside, next target is around the $0.88 area, which is the potential upside of the flag pennant pole.
- The $0.88 area is also the .786 Fibo level (on yellow) of the overall trend, and is a consolidation zone of the past (21 Feb - 03 Mar, marked with the purple box).
We can expect XRP to continue the bullish run if we can do it trough the $0.90 area in the short term.
Trade safely.
- XRP has broken successfully on April 12 the big falling wedge and find support on the $0.62 - $0.64 area.
- It formed a Bullish Flag Pennant on the 4hr chart, that has already been broken to the upside, next target is around the $0.88 area, which is the potential upside of the flag pennant pole.
- The $0.88 area is also the .786 Fibo level (on yellow) of the overall trend, and is a consolidation zone of the past (21 Feb - 03 Mar, marked with the purple box).
We can expect XRP to continue the bullish run if we can do it trough the $0.90 area in the short term.
Trade safely.
Penafian
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