In my previous analysis, we quite easily identified that symmetrical triangle XRP successfully broke out of. Moreover XRP subsequently reached both TP´s outlined in the previous post. Now with the whole crypto market seemingly a bit overheated, its not illogical to expect a consolidation period within a bull flag (blue lines) obviously just an approximation not a valid bull flag as such. The other option is a huge dump under the symmetrical triangle, which would make this rise a bull trap, after 2 years Ive seen more than enough of these, in XRP especially. I would trade with caution especially when markets are this hyped.
*Personal opinions, do no trade on tradingview posts, make your own analysis.*
*Personal opinions, do no trade on tradingview posts, make your own analysis.*
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Its obviously early to tell, but it looks like its following the green lune
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Today well likely see if well drop or make a consolidation in the form of a bull flag/pennant.
