XRPUSD log chart’s cup and handle has a symmetrical trihandle
414
Symmetrical trihandle should break upward by February then that should take us to at least somewhere aroun 2.20 putting price action above the neckline. If it confirms solid support after that on a retest I anticipate we may see $7 not long after. Also a chance we have some crazy pump to $7 before the neckline retest will have to wait and see how it goes the retest before $7 is currently more probable. Anyways after the retest the journey then begins with a possible next resistance spot around $13-15 that could lead to a temporary trend reversal before heading finally to the $28-42 range. This is all currently speculative but my previous log chart that showed this c&h had the break out move as high as $42 so I can’t factor it out just yet. I will be taking profit long before reaching that target though. *not financial advice*
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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.