XRP: Will the weekly bull flag materialize?
Hello guys. Hope you are doing fine.
XRP has printed a bull flag in the weekly timeframe. If MA50 is reclaimed, I think a pivotal moment will come to pass that will most likely coincide with a break out of the bull flag. The only concern is the dwindling volume. If volume picks up and we witness a breakout as a result, XRP will have a lot to offer. However, the most probable scenario would be scenario B because of the volume factor I just mentioned. In that case, the price will have more time to accumulate in this key region.
If you find the idea of value, please push the like button. Thanks!
XRP has printed a bull flag in the weekly timeframe. If MA50 is reclaimed, I think a pivotal moment will come to pass that will most likely coincide with a break out of the bull flag. The only concern is the dwindling volume. If volume picks up and we witness a breakout as a result, XRP will have a lot to offer. However, the most probable scenario would be scenario B because of the volume factor I just mentioned. In that case, the price will have more time to accumulate in this key region.
If you find the idea of value, please push the like button. Thanks!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.