XRP Ripple, making an H&S to form a big inverse H&S, Part 2

21 Ara 2018

XRP' bulls are feeling good and have been quite strong the past days. Making the inverse H&S is good realistic pattern. In my previous it followed my assumption pretty good with that double bottom bounce, testing the support with a lot of succes. Now the right shoulder for the inverse H&S is a bit small, but it could work though. There is also enough room to make it bigger in time but also in size. At the moment we can see a possible triangle on the left. If that works out, would be very bullish.
We can see 2 other support zones, the lowest one is important. If that one breaks the H&S will become less likely. But for now no reason yet to assume we will drop that much.



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Previous analysis:

24 Ara 2018

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