#XRP ascending triangle?
2024-11-19

📊#XRP ascending triangle?

🧠From a structural perspective, we are currently in a complex consolidation phase between the stage resistance zone and the neckline support zone. Only if we successfully break through the inflection point can we build a long structure to continue the upward trend.

➡️From a graphical perspective, there is a chance to form an ascending triangle here. Breaking through the inflection point will be seen as an upward breakthrough, and the probability of continued rise will increase. If it falls below the long defense point, a short structure will appear, and there will be a possibility of a pullback.

➡️No matter how the market develops in the end, we just need to try it with risk management.

Let's see 👀

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