Ripple - Watch For Bulls - XRPPERP
Following the major bullish move we saw in April, price has been correcting aggressively. We could be in a parallel channel which looks like a bigger bullflag indicating that the buyers are not done yet!
On the lower timeframe, watch for buying pressure and a breakout of the descending trendline to confirm bulls have re-entered the market.
On the lower timeframe, watch for buying pressure and a breakout of the descending trendline to confirm bulls have re-entered the market.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.