You can see the red trend lines highlighting a falling wedge on XRP on the 1 day charts. Falling wedges are a bullish pattern. Note the extremely tight movements in the consolidation, indicating that accumulation is ongoing and coming to a close. There maybe is a little bit more downturn left but this area is a solid buy zone for XRP. you can also see the colored lines tightening up on top of price. When these lines move through price it is go time! This is an extremely low risk high reward trade at the moment. There is also a bullish divergence forming on RSI VS price from May 14/20 till current. Note there is another falling wedge stretching back to the peak in 2018 closing in the same spot as the smaller one highlighted in red trend lines on this chart. Are the XRP bulls are about to wake up!?
Please leave your comments and criticism below if you found this chart useful drop me a like please!
Please leave your comments and criticism below if you found this chart useful drop me a like please!