XRP will make the decision on next major move soon!
For the bullish perspective, it has broken 1 of thje 2 trend lines down form 0.8
However if you include the wick up from the most recent high, it hasn't broke out
If this was to break, should be an impulsive move upwards, remember to reduce risk trade most capital on a restest
From the bearish side, it is just being supported by the bottom line of a huge bear flag
If this breaks successfully, we could see impulsive downside to around 0.4
However there is very strong horizontal regions, particularly 0.56-0.58 which forms the bottom of this range
I haven't caught any divergences yet, but if one forms soon could assist the momentum for the next move!
However if you include the wick up from the most recent high, it hasn't broke out
If this was to break, should be an impulsive move upwards, remember to reduce risk trade most capital on a restest
From the bearish side, it is just being supported by the bottom line of a huge bear flag
If this breaks successfully, we could see impulsive downside to around 0.4
However there is very strong horizontal regions, particularly 0.56-0.58 which forms the bottom of this range
I haven't caught any divergences yet, but if one forms soon could assist the momentum for the next move!