#XRP: Forming Symmetrical triangle pattern!🚨
XRP
XRPUSD
XRPUSDT
is currently forming a symmetrical triangle pattern in the daily time frame, which has a breadth of almost 100%. After the breakout, it is expected to move technically by 100%. To enter this pattern, you should accumulate above the lower trendline.
It is important to have a stop loss in place to manage risk. If any daily candle closes below the lower trendline of the triangle, then you should exit the trade.
Remember to always be cautious and consider risk management strategies.
I will keep you updated. Stay tuned.
#XRP is hovering around a major flip level of $0.538–$0.547, and the price has come a long way from a downtrend. The price has flipped from a bearish to a bullish market structure, and a daily candle closing above the zone will open the room for the next resistance around $0.600. Therefore, buys can be taken into account, and sales will be risky at this point.
#Crypto