XRP most likely bullish
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XRP has successfully broking above the C-fork and 45 degrees Gann fan line, momentarily testing the resistance of the horizontal range at 0.5494 and retracing.
The price has maintained its position above the midline of the descending channel. This is potentially bullish.
the midline of the descending channel is also the neckline of an inverse head and shoulders pattern. Price has broken above the inverse H&S neckline and retested it. the inverse H&S potential measured move target is 0.5637.
The price has maintained its position above the midline of the descending channel. This is potentially bullish.
the midline of the descending channel is also the neckline of an inverse head and shoulders pattern. Price has broken above the inverse H&S neckline and retested it. the inverse H&S potential measured move target is 0.5637.
Note
1st and 2nd target reached.
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