Chart Nerd's XRP strategy looks at an eight-year cup-and-handle pattern. After the cup & handle confirms a breakout, the measured targets in sequence are $8.47, $13.69, and $27.30. The $750 level lacks technical support and is essentially speculation. The key supports are two levels: 0.89 and 0.64.
The current price is 1.49—there is still about 40% and 57% room before reaching these two support levels, and the pattern structure has not been broken. In terms of approach: only take and hold the position once the neckline is broken; a pullback near 0.89 can be accumulated in batches. If it falls below 0.64, the pattern logic no longer holds. #XRP
The current price is 1.49—there is still about 40% and 57% room before reaching these two support levels, and the pattern structure has not been broken. In terms of approach: only take and hold the position once the neckline is broken; a pullback near 0.89 can be accumulated in batches. If it falls below 0.64, the pattern logic no longer holds. #XRP