XRP/USDT Bullish Pennat Breakout Loading

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XRP/USDT, Bullish Pennant Formation in Progress

The chart displays a Bullish Pennant, signaling potential upward momentum. However, the price is currently rejecting near the upper trendline, indicating that the breakout may take some time.

Key Insights
1. The pennant structure remains intact, but consolidation might continue before a decisive breakout.
2. Watch for a confirmed breakout above the upper trendline before considering a long trade.
3. Once the breakout occurs, the target range is $2.8 to $3.0.

Patience is crucial as the price may test the trendline support or consolidate further before breaking out.
Nota
You all shouldn't have a doubt. I Mentioning again that we will look for a long and this setup will get valid only after the Xrp Breakout from the trendlines. Otherwise this setup will go Invalid. 🙌
Nota
How is right now ! Stack your Profits. XRP kissing $3

Penafian

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