Since Gaining a lot of ground last week, XRP has been seeing a period of consolidation. This period of consolidation appears to be a perfect bull flag pattern.
I'm looking at the top dotted line for a potential break out. Wait for a higher-timeframe close above this line to confirm the bullish bias. Targets placed at recent highs.
Be aware that we're currently in a very volatile market environment, so a bearish rejection is still in the cards. Expect a move towards the lower bound in that case.
Happy trading!
I'm looking at the top dotted line for a potential break out. Wait for a higher-timeframe close above this line to confirm the bullish bias. Targets placed at recent highs.
Be aware that we're currently in a very volatile market environment, so a bearish rejection is still in the cards. Expect a move towards the lower bound in that case.
Happy trading!
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