Hello there, this is my first idea in English version. It will be about XRP!
So, XRP had broken out of the falling wedge with decent volume. Yesterday, XRP met with violent rejection from the wedge's high, kinda forming a double top pattern and drop quite heavily, liquidating those who overleverage their trading.
However, if we pull a fib retracement, we are inside a golden pocket.
We need this level to hold to make sure that XRP is till bullish. If this zone holds, my target is around 0.35, which is also the multi-week resistance for XRP
So, XRP had broken out of the falling wedge with decent volume. Yesterday, XRP met with violent rejection from the wedge's high, kinda forming a double top pattern and drop quite heavily, liquidating those who overleverage their trading.
However, if we pull a fib retracement, we are inside a golden pocket.
We need this level to hold to make sure that XRP is till bullish. If this zone holds, my target is around 0.35, which is also the multi-week resistance for XRP