XRP breaking the symmetrical triangle soon!

5 mag 2021

XRPUSDXRPUSDT

A symmetrical triangle can be seen on the 4h timeframe.
There seem to a strong demand zone in 1.53-1.54. I expect that zone to be act as support.
Sooner or later XRP is going to breakout or breakdown from the triangle.
If the support at 1.53 holds, I expect a breakout upwards and testing the previous resistance level at 1.84.
If the consolidation continues, I still think there is a chance to break upwards from the triangle.
If the consolidation takes more than 10 x 4h candles, specially if the 1.53 supports get broken, the move downwards towards the 1.00 USD area seems to be more likely.

7 mag 2021

Trade attivo

As long as the triangle is acting as support, it is just a matter of time to go up to 1.75 and then 1.84.
1.53 support is crucial. That could serve as a conservative stop loss.