XRP: Will the weekly bull flag materialize?
Hello guys. Hope you are doing fine.
XRP has printed a bull flag in the weekly timeframe. If MA50 is reclaimed, I think a pivotal moment will come to pass that will most likely coincide with a break out of the bull flag. The only concern is the dwindling volume. If volume picks up and we witness a breakout as a result, XRP will have a lot to offer. However, the most probable scenario would be scenario B because of the volume factor I just mentioned. In that case, the price will have more time to accumulate in this key region.
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XRP has printed a bull flag in the weekly timeframe. If MA50 is reclaimed, I think a pivotal moment will come to pass that will most likely coincide with a break out of the bull flag. The only concern is the dwindling volume. If volume picks up and we witness a breakout as a result, XRP will have a lot to offer. However, the most probable scenario would be scenario B because of the volume factor I just mentioned. In that case, the price will have more time to accumulate in this key region.
If you find the idea of value, please push the like button. Thanks!
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