FLAG FORMATION HINTS AT XRP BREAKOUT IN JULY
I'm paying close attention to the flag formation on the 24-hour chart. If the bullish tend holds up, this might indicate a move to the 0.60 level in a flash.
Looking at the 1-month chart, we can clearly see that the downward trading channel has been broken by recent trading activity.
On my Tradingview account, I posted an idea where another large Triangle formation is showing up. The interesting thing I noticed is that the Apex of the triangle also coincides with the 0.618 fib circle line. Doesn't seem to be a coincidence to me.
My best guess is that XRP will experience an immediate break to the upside within a day or so, and then another major move at the Apex of the larger triangle formation.
This could also bomb at the Apex of either of the triangles. Watch closely, and check out my Tradingview account to see the details on the fib circle coinciding with the triangle apex. You can check out the details on this particular scenario on my Tradingview account at https://www.tradingview.com/chart/XRPUSD/XPM455Hy-XRP-Decision-Point-at-End-of-July-2019/.
Share your thoughts! As always, this is not financial advice. Trading is risky business, seek the advice of a financial advisor before making any decisions.