Looking at the 15 minute XRP chart, we can see that XRP did not have a sustained breakdown of the head and shoulders pattern featured in the previous analysis. While price did briefly break down below the neckline of that pattern, it quickly recovered back above it. Since then, XRP has printed this Adam and Eve formation on the chart. You can see the dotted blue resistance level that it will have to surpass for a breakout. If we do see an upside breakout of this pattern, the first major resistance level is at 0.37. From there, there is more resistance at 0.38 and then 0.39. The size of this Adam and Eve pattern actually has a price target above those levels (at 0.40) but we will have to observe how price responds to that overhead resistance, if we do see an upside breakout.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-