🔥 XRP: The Biggest Bull-Flag In Crypto Will Break Out Soon
XRP has been trading inside a consolidating pattern since the massive pump at the height of the 2017-2018 bull-market.
During this time, the price has made higher-lows and lower-highs, forming a triangle pattern, which I classify as a bull-flag since it has been formed directly after the 7,000x in 2017.
This huge pattern will explode at some point in 2024, with the most likely move being a bullish one with the halving in mind.
My target for the break out is placed at 25$. It might be too high, but ADA also made a top 6x higher than the previous one last cycle, so why not? With a relatively tight stop and a far target we're able to create a signal with a risk-reward of almost 80, a potential game changer for anyone's portfolio.
During this time, the price has made higher-lows and lower-highs, forming a triangle pattern, which I classify as a bull-flag since it has been formed directly after the 7,000x in 2017.
This huge pattern will explode at some point in 2024, with the most likely move being a bullish one with the halving in mind.
My target for the break out is placed at 25$. It might be too high, but ADA also made a top 6x higher than the previous one last cycle, so why not? With a relatively tight stop and a far target we're able to create a signal with a risk-reward of almost 80, a potential game changer for anyone's portfolio.
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