There’s multiple ways to look at XRP price action right now.
- We are forming up a symmetrical triangle on the 4 hours chart which could suggest an upside breakout
- We are also potentially forming a head and shoulders bearish intraday pattern that could send us back to the .50+/- support zone.
I sold about 20k coins at .655 to protect some profit after buying the initial .48 dip in the case we saw a big pullback in the .55 – .45 range. I got a little fomo buy-in around .635 (level 1 on the chart) as it looked like we were about to break out the sym triangle but just turned into the right shoulder of the bearish H & S.
From there I bought some more on the dip at .55 at level 2.
From here there’s two more options I’m looking to buy. Either we breakdown to level 3 or we breakout and trigger level 4.
Will XRP Trigger Level 4 Breakout? Or Dip To Level 3 First?
- Breakout Level 4
- Dip To Level 3
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