XRP has formed a pennant which will soon be resolved as we are in the apex (in blue). If it's a continuation pattern we may get a another leg down which I expect to be bought fairly fast so price is unlikely to go lower than $0.35, maybe a few wicks.
If however, the market continues to be very bullish (see ETH breaking its ATH) then there is a good chance XRP may break out and push higher, very fast, as it did last time.
The key levels are on the chart. The reason I remain bullish is because on larger timeframes such as daily, the indicators continue to be bullish without any bearish cross or loss of significant momentum. Therefore XRP can have legs to go up again. On lower timeframe like 4h we're rather flat, so no real direction yet, but it will soon come once we push out from this apex.
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If however, the market continues to be very bullish (see ETH breaking its ATH) then there is a good chance XRP may break out and push higher, very fast, as it did last time.
The key levels are on the chart. The reason I remain bullish is because on larger timeframes such as daily, the indicators continue to be bullish without any bearish cross or loss of significant momentum. Therefore XRP can have legs to go up again. On lower timeframe like 4h we're rather flat, so no real direction yet, but it will soon come once we push out from this apex.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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