XRP Ripple H&S versus Bearish wedge
I usually don't do the btc' pairs, but these 2 patterns could be significant though. Since they show a mid/long term picture for XRP' and possibly even for the entire market.
On the left we can see a big inverse H&S while on the right we can see a big bearish wedge. At the moment we are still at the support line of the bearish wedge, so there is not much room left. The USD' pair is also still moving inside the 0.36 and 0.4 range. A break of this range will probably give us the answer to which pattern will play out and possibly even where the entire market is headed to.
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Previous analysis:
On the left we can see a big inverse H&S while on the right we can see a big bearish wedge. At the moment we are still at the support line of the bearish wedge, so there is not much room left. The USD' pair is also still moving inside the 0.36 and 0.4 range. A break of this range will probably give us the answer to which pattern will play out and possibly even where the entire market is headed to.
Please don't forget to like if you appreciate this :)
Previous analysis:
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