XRP Breaks Out of a Falling Wedge, Signals Potential Upside Reversal

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XRP has broken out of a falling wedge pattern on the 4-hour chart, indicating an early sign of potential upside reversal. Despite this breakout, XRP faces multiple resistances that could impede its move towards $2.40.
- XRP broke out of a falling wedge pattern on the 4-hour chart.
- The breakout reflects an early sign of a potential reversal.
- Multiple resistances threaten XRP’s potential move to $2.40.
XRP has signaled a potential upside reversal after breaking above resistance on the lower time frame. An analyst observing the cryptocurrency’s price movement identified the breakout on Friday after a 4-hour candle pushed above the downward trendline.
Price Reversal or Fakeout?
According to the analyst, the latest scenario could signal one of…
Read The Full Article XRP Breaks Out of a Falling Wedge, Signals Potential Upside Reversal On Coin Edition.
XRP Breaks Out of a Falling Wedge, Signals Potential Upside Reversal

Share:
XRP has broken out of a falling wedge pattern on the 4-hour chart, indicating an early sign of potential upside reversal. Despite this breakout, XRP faces multiple resistances that could impede its move towards $2.40.
- XRP broke out of a falling wedge pattern on the 4-hour chart.
- The breakout reflects an early sign of a potential reversal.
- Multiple resistances threaten XRP’s potential move to $2.40.
XRP has signaled a potential upside reversal after breaking above resistance on the lower time frame. An analyst observing the cryptocurrency’s price movement identified the breakout on Friday after a 4-hour candle pushed above the downward trendline.
Price Reversal or Fakeout?
According to the analyst, the latest scenario could signal one of…
Read The Full Article XRP Breaks Out of a Falling Wedge, Signals Potential Upside Reversal On Coin Edition.

ChartNerd
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