VIP Updates
On the weekly chart, we have a two-year accumulation phase for Ripple. The good news is that the EMAs have started to compress, and the price accumulation is becoming tighter. A straightforward trade on the weekly chart would be to wait for a clear breakout from the triangle, aiming for the $1.50++ zone. ( D1 )
On the daily chart, the price needs to reclaim its daily trend and hold it.
( H4 )On the lower time frames, things can get tricky as there are many ways this could play out. We have an inefficiency just above the H4 trend, so if the trend is claimed, the gap will likely be closed. Additionally, there are a series of untapped highs, so if the H4 trend is claimed and the gap is closed, that will be the next target. However, as long as the H4 trend is not reclaimed, there is no business in the short term.
