XRP Quick 4 Hour Analysis

8 Jan 2018

Hello everyone, this is just a quick chart analysis on the 4 hour chart. As of right now we can see that a cup and handle is starting to form. We are currently in the pullback stage of this pattern forming, which means that we can possibly expect a bullish uptrend soon. That being said the sides of the cup form around $2.80-2.75. The handle is what we are currently experiencing as the price is around $2.58, a healthy pullback for this pattern. Some could consider this a weak cup with a handle, however right now the chart makes it look pretty strong. Let me know what you guys think.

-Proncs