XRPUSD has been consolidating in the 1.3 - 1.4 area and has formed two flags, one within the other.
IF we break out the top of the blue channel we can see a move up to just below the 2 dollar mark. If we see that happening and we can get past the $2 psychological barrier the move may continue over time to the 2.87 area.
Fro now though we have been blocked by the resistance area between 1.4 - 1.46 and we will have to clear that with some strong volume or risk a move down to the bottom of the channel at $1 or even down to the next support at 0.9.
For now I need to see that move higher and decent volume to back it otherwise we may move to 1.46, get rejected and move rapidly down to the areas of support mentioned.
Not financial advice just calling what I see. Any constructive criticism is welcomed.
IF we break out the top of the blue channel we can see a move up to just below the 2 dollar mark. If we see that happening and we can get past the $2 psychological barrier the move may continue over time to the 2.87 area.
Fro now though we have been blocked by the resistance area between 1.4 - 1.46 and we will have to clear that with some strong volume or risk a move down to the bottom of the channel at $1 or even down to the next support at 0.9.
For now I need to see that move higher and decent volume to back it otherwise we may move to 1.46, get rejected and move rapidly down to the areas of support mentioned.
Not financial advice just calling what I see. Any constructive criticism is welcomed.