Trade: Long
Target 1: $1.4
Target 2: $1.6
Target 3: $1.9
Target 4: $4.1
It looks like a fractal appears on the XRP logarithmic chart.
Stage 1. In December 2020 and February 2021 we have seen two highs.
Stage 2. In March 2021 the price has been slowly moving to the resistance level.
Stage 3. In April 2021 the price exploded by 200%.
Right now we can also find two highs similar to the previous ones. Moreover, the price broke through the descending resistance line and retested it from above. If Bitcoin feels well, XRP will definitely reach its previous all-time high and roll further.
At the moment, on the lower timeframe of the usual chart, XRP is consolidating in the bullish flag. As soon as the price breaks through the upper border of the channel, the rally will begin. The closest target is $1.4.
The first support is the global descending trendline and the second support zone locates in the $1 - $1.1 range on the lower line of the channel.
Target 1: $1.4
Target 2: $1.6
Target 3: $1.9
Target 4: $4.1
It looks like a fractal appears on the XRP logarithmic chart.
Stage 1. In December 2020 and February 2021 we have seen two highs.
Stage 2. In March 2021 the price has been slowly moving to the resistance level.
Stage 3. In April 2021 the price exploded by 200%.
Right now we can also find two highs similar to the previous ones. Moreover, the price broke through the descending resistance line and retested it from above. If Bitcoin feels well, XRP will definitely reach its previous all-time high and roll further.
At the moment, on the lower timeframe of the usual chart, XRP is consolidating in the bullish flag. As soon as the price breaks through the upper border of the channel, the rally will begin. The closest target is $1.4.
The first support is the global descending trendline and the second support zone locates in the $1 - $1.1 range on the lower line of the channel.