Descending Triangle

שלשום

Although this is the most bullish we've seen XRP, it's notorious for parabolic pump and dumps.

It's been hitting it's head on this red trend line for over a month.

With a recent break above $2.52, it's now using that price point as support. But now forming a descending triangle.

I would wait for either the white support line or red resistance line to break before making any trades.

MACD on 1D is going from bullish to neutral/bearish.

-JumpStartCrypto

אתמול

הערה

Zooming in now, $2.52 - $2.56 is medium resistance area now.