Is Ripple (XRP) forming a potential return?
Ripple seems to be ready for a breakout from the falling wedge. The daily Stoch RSI is pointing upwards after 52 days of downtrend. Similarly, on 1-hour chart it seems like the trend has found a solid support (blue line) after the previous fall. All other indicators show a positive upward trend on multiple timelines; however, we need to see how BTC's going to play out at this point to further validate this analysis.
We are in the buying/accumulation zone. Stop-loss would be the support line. Targets are fib levels.
This is not a trading advice and is based on pure speculation.
We are in the buying/accumulation zone. Stop-loss would be the support line. Targets are fib levels.
This is not a trading advice and is based on pure speculation.
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