XRP Falling Wedge

27 sept 2019

I don't see XRP falling to a significant degree from here. XRP has been forming a falling wedge pattern since May 2019. Support and resistance lines in time frame give evidence to this, as well as the declining volume over the period. Near-term price increase can be predicted by looking at the 2 month bullish divergence that has been forming on the RSI and recent fear activity on the f&g index. A spike in volume will be expected to confirm the falling wedge breakout. This wedge has a target of 0.5.