Maybe not yet, but XRP is within a falling wedge and testing resistance, it might break up or get rejected. The falling wedge might also fail and price drops under it. A greater than 5% break up or break down would confirm the direction. If break down, price can go to 0.158 where it would form a bullish crab with a target of 0.41.
On the macro scale XRP is in a descending widening wedge whose breakout target is also 0.41. The price action is also confined to a descending channel whose resistance would be at 0.41 and support at 0.158.
0.158 is on the support of the widening wedge .
In October I predicted XRP at 0.16 in December then bouncing up. maybe we bottomed or there is still a bit left down.
On the macro scale XRP is in a descending widening wedge whose breakout target is also 0.41. The price action is also confined to a descending channel whose resistance would be at 0.41 and support at 0.158.
0.158 is on the support of the widening wedge .
In October I predicted XRP at 0.16 in December then bouncing up. maybe we bottomed or there is still a bit left down.
Commentaire:
reached resistance of descending expanding wedge
