JL_WealthandLoyalty

**XRP** 11% rise (0.27902) from current price

Long
so i've done a couple of scenario casts on XRP over the last week or so following the price, my last two was regarding the PA forming a pennant under the resisting trendline to give the momentum to push through and beyond to a new higher high and the other just pushing to the trendline doing the traditional break and retest strategy.. so it turns out the PA has done both scenarios, which is basically just my pennant shout, only to pinch and reduce in volatility at a higher price than anticipated. The funnel formed with the projected target for the previous pennant running straight through it which has been used as a point of significance since the 14th Jan when that level was ran in the set up up to the point of the current pennant being triggered. the price has currently been working around the 2nd interim forming a descending flag pattern on the lower timeframes which its seems will soon break from too... The given target from my point of view is 0.27902.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.