Hello Folks! (Biden's Style)
Based on my analysis, there appears to be hidden bullish divergence on the XRP USD pair in the weekly time frame. This suggests that while the price may currently be trending downwards, the underlying momentum is actually bullish. This can be seen through the divergence between the price and the relative strength index (RSI) indicator. As the price has been making lower lows, the RSI has been making higher lows. This suggests that buyers are still present in the market and could potentially push the price higher in the future.
Furthermore, based on the height of the triangle pattern that has formed on the chart, I believe that the target for this bullish divergence could be around 2.3 USD. The height of the triangle pattern is often used to estimate a potential target for a breakout, and in this case, the distance from the base of the triangle to the top is significant. However, it is important to keep in mind that this is just an estimation and the price could potentially move in either direction. It is always important to use proper risk management techniques when trading to avoid potential losses.
Based on my analysis, there appears to be hidden bullish divergence on the XRP USD pair in the weekly time frame. This suggests that while the price may currently be trending downwards, the underlying momentum is actually bullish. This can be seen through the divergence between the price and the relative strength index (RSI) indicator. As the price has been making lower lows, the RSI has been making higher lows. This suggests that buyers are still present in the market and could potentially push the price higher in the future.
Furthermore, based on the height of the triangle pattern that has formed on the chart, I believe that the target for this bullish divergence could be around 2.3 USD. The height of the triangle pattern is often used to estimate a potential target for a breakout, and in this case, the distance from the base of the triangle to the top is significant. However, it is important to keep in mind that this is just an estimation and the price could potentially move in either direction. It is always important to use proper risk management techniques when trading to avoid potential losses.