Weekly symmetrical triangle on xrpusd appears to be breaking up.
390
Initial target is 1.20 and after that should eventually head to $2.55 according to the height of the triangle. Being a weekly chart it could take several weeks and even a month or 2 to reach this target…it could also pump right to it in a matter of a candle or 2. We will find out soon enough. *not financial advice*
Note
Still holding green trendline as support for now. Not sure which of the 2 is the more valid top trendline of the triangle. Breakout not confirmed yet but if green trendline is more valid it may be in the next week or 2
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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.