XRP Rising Wedge?

2 de dez. de 2020

Bullish Indications:
-Broken trend support
-Downward channel break
-Attempting the trend resistance (old support)

Bearish Indications:
-Rising Wedge
-Possible 3rd rejection


We can possibly see a pull up to the 0.63-0.65 only if there is indication of steady volume growth.
Volatility is low so a slow climb back up is more likely here.

There is also a chance of retesting resistance at 0.677. More than likely we can see a pull back down to support after a failed attempt of crossing resistance.


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