This is an update of my analysis from last week; then I was bearish for xrp in the short term because we had to play out a triple top on the 4h. In the meantime, it has been played out nicely and we have fallen back into a strong support zone. As you can see, we are in a pattern of a pattern, namely a falling wedge, which in my view is the retest of the big bull flag. If I measure both, we will first go to the golden pocket, which is the target of the falling wedge where we will find some resistance, and then rise to the 1.618 fibonacci level, which is the target of the big bull flag. I will keep you informed. tradingview.com/chart/f9QsFdPB/
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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.