Analyst JD’s pattern strategy: after the ascending triangle breakout is done, don’t chase the first candle. Wait for the price to pull back to the breakout level—there, look for a bullish engulfing candle to close. Only then can the uptrend be considered confirmed.
XRP is currently at 1.50, up 0.4% in the past 24 hours, and is right now sitting in the pullback-validate zone. 1.50 is the short-term bull-bear dividing line: if the daily chart holds and then forms a bullish engulfing, the bullish structure is considered established; if the close breaks below and the pullback fails, you’ll need to wait again for the setup to build.
#XRP
XRP is currently at 1.50, up 0.4% in the past 24 hours, and is right now sitting in the pullback-validate zone. 1.50 is the short-term bull-bear dividing line: if the daily chart holds and then forms a bullish engulfing, the bullish structure is considered established; if the close breaks below and the pullback fails, you’ll need to wait again for the setup to build.
#XRP