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Ripple (XRPUSD) Long Outlook

Por John-Pepperfield
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Larger view shows consolidation. Ripple broke out of healthy downward wedge consolidation pattern after consistently meeting fib levels. Recent pattern resembles Inverted H & S, suggesting change in trend direction, long term. Ripple poised for a breakout after breaking through key resistance on this final stage before uptrend. Hypothesis is some slight downward price action before uptrend resumes. Next targets on fib levels. Short term appears to be around $1.40.
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Safer trade is to wait until clear break out and re-test.
Chart PatternsTechnical IndicatorskrakenTrend Analysisxrpusd
John-Pepperfield

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