XRP - Looking Good
Here is an update to our last post.
After more market structure has developed, XRP looks to be positioning itself well. The pattern we outlined has recently broke to the upside. After testing the 0.236 as sell pressure, price revisited our white trendline and it looks like we flipped that level into new support.
If we can start seeing 4H candles close above that 0.236 level then price will revisit that last high. If we can break that last high we should see our 1.618 fib extension reached which sits around $3.50-$3.60.
After more market structure has developed, XRP looks to be positioning itself well. The pattern we outlined has recently broke to the upside. After testing the 0.236 as sell pressure, price revisited our white trendline and it looks like we flipped that level into new support.
If we can start seeing 4H candles close above that 0.236 level then price will revisit that last high. If we can break that last high we should see our 1.618 fib extension reached which sits around $3.50-$3.60.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.