Here we go again, if you saw my last analysis and took the trade you are currently up or made a good amount of money. Xrp is currently inside a pennant or triangle and has just reach the support of the triangle. From here two things are sure to happen:
1. Xrp will break support and continue to the downside, enter on retest of break
2. Xrp will respect support and head towards the resistance of the triangle/pennant.
My personal outlook is still bearish but it may go bull for a sec before breaking to the downside further.
1. Xrp will break support and continue to the downside, enter on retest of break
2. Xrp will respect support and head towards the resistance of the triangle/pennant.
My personal outlook is still bearish but it may go bull for a sec before breaking to the downside further.
