If xrp triggers the current bullflag its in on the daily chart it should take price ell above the neckline of the cup and handleshown here on this chart and trigger its breakout as well which has a breakout target around $6.70. *Not financial advice*
Note
Nearing the neckline of this cup and handle. Coincidentally the neckline is right around the same place the full breakout target for a smaller inverse head and shoulder pattern that xrp just confirmed the breakout from is.Note
Price action has broken above the rimline of the cup.Note
Closed last weekly candle above the rimline but the current weekly candle is now back below it. Seems to be retesting the previous bullflag as support though.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.