XEP has been trading relatively stable since 2018, 'only' seeing a 900% move from bottom to top. However, XRP has formed a massive triangle pattern over the course of the last few years.
Recently, XRP has yet again bounce from the lower bound of the pattern, indicating that traders are watching this area closely. Assuming that the pattern will hold, we can see more bullish price action coming our way. First target is the top of the triangle, second is the current all-time high around $3.50
Be aware that the current macro economic environment is far from perfect, so I'd advise to wait for more clarity.
Happy trading!
Recently, XRP has yet again bounce from the lower bound of the pattern, indicating that traders are watching this area closely. Assuming that the pattern will hold, we can see more bullish price action coming our way. First target is the top of the triangle, second is the current all-time high around $3.50
Be aware that the current macro economic environment is far from perfect, so I'd advise to wait for more clarity.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: www.fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: www.fierytrading.com
