XRP - warrior rest
2025-01-04
Category: None

XRP has shown significant movement over the past two months, but this is merely a warrior's rest. Another move is expected soon, following the formation of a triangle pattern with a 40-day consolidation and high volume.🔥

This pattern also aligns with the bullish flag formation.
The safest entry lies in the breakout of the triangle, with targets outlined on the chart:
T1 - $2.86
T2 - $3.19
T3 - $3.40 (where I anticipate a pause and potential correction).

Important Note: While the triangle pattern appears bullish in this case due to its resemblance to a flag, it is inherently neutral. A break below the lower trendline could open the door for sell trades with targets:
$1.80 / $1.60.

In any case, I’ll update the analysis later.
Happy trading, folks!
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