ðĨ XRP Potential Bounce Incoming: 1-Year Pennant
XRP is rapidly closing in on a massive pennant support area. The price has followed this pattern for almost a year now, so I'm expecting strong support to be found around the yellow area.
In case of a drop through the support, I think we're going to face some more downside, potentially targeting the $0.80 area.
If I had to bet on one side, I'd bet on a bullish reversal from this area. We were due a drop, but I'm still bullish on the market as a whole. Keep a close eye on this support.
Happy trading!
In case of a drop through the support, I think we're going to face some more downside, potentially targeting the $0.80 area.
If I had to bet on one side, I'd bet on a bullish reversal from this area. We were due a drop, but I'm still bullish on the market as a whole. Keep a close eye on this support.
Happy trading!
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