FieryTrading

🔥 XRP Forming Bull-Flag: Bounce or Fall

BINANCE:XRPUSDT   XRP / TetherUS
XRP has been seeing very decent gains earlier in February. However, since then the market has been under a bit of distress. XRP seems to be holding up quite well, further reinforcing the bullish narrative. Since this is a bull-flag pattern, there's a higher probability for a bullish move.

In case of a break out of the pattern, I'm expecting a bullish move towards the $0.9 area. If BTC remains bearish and falls further, I'm looking at the $0.75 area for a short-term short target.

Happy trading!

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