Falling Wedge (4-H)
2024-12-30
Category: None

Hi there,

Just posting an update to my recent  BINANCE:XRPUSDT  analysis, the price has seemed to form a falling wedge on the 4-hour timeframe. I believe that we will see a bounce at around $2.00 level with the target being $2.34 - RSI seems to be just touching oversold region.

As for the bullish pennant that is still currently being formed on all timeframes including longer ones, I am expecting the target to be $4.96 possibly touching $5.00

XRP is still looking healthy and is still respecting the ascending support and descending resistance of the symmetrical triangle. 

Thank you for taking the time to view my analysis, feedback would be greatly appreciated.

