XRP/USDT - Binance
So on the 4h, xrp is currently battling a symmetrical pattern. Which only has another 24-48hour left in play. I’m really hoping BTC can drag itself back up to 44800 today allowing us to retest the remaining top part of XRP’s pattern.
Upwards break, provides a target of 1$, which zoomed out even further, hits the down trend resistance from 1.96. We will see choppy action here attempting further breaks or we might even see a pure rejection.
Downwards break, targets 44c which would be a nervous watch to see happen. However, a great buying opportunity as the lawsuit will come to an end at some point this year.
Keep your eyes on both breakouts upwards and downwards. Ready for sell orders and buy for either direction.
Upwards break, provides a target of 1$, which zoomed out even further, hits the down trend resistance from 1.96. We will see choppy action here attempting further breaks or we might even see a pure rejection.
Downwards break, targets 44c which would be a nervous watch to see happen. However, a great buying opportunity as the lawsuit will come to an end at some point this year.
Keep your eyes on both breakouts upwards and downwards. Ready for sell orders and buy for either direction.
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