Over the course of almost a year, XRP has traded inside this wedge pattern. With the price not seeing much volatility as of late and nearing the end of the pattern, there's a high probability that XRP will see a break out occur in the near future.
Seeing the state of the market, I'd place my bets on a bullish break out. In that case, I'm looking for $1.40 and $1.65 as first and second targets. Expect some resistance inside this area.
Happy trading!
Seeing the state of the market, I'd place my bets on a bullish break out. In that case, I'm looking for $1.40 and $1.65 as first and second targets. Expect some resistance inside this area.
Happy trading!
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