ANALYSIS OF XRP MOVEMENT🔥🔥🚀
Hello friends, we continue with the analysis of $XRP .
In the first 4-hour chart, we can see how previously there was an upward movement after breaking the bullish wedge pattern, it reached levels of 1.60 and then started a downward movement making lower highs and lower lows, but something important in this drop was the support levels it touched and even the entire dynamic support of the 50-period Moving Average, then it bounced off a diagonal resistance that today it managed to break,
In the 1-hour chart, we can see everything that caused the price to bounce at certain points, we can appreciate a triple top, an FVG, an H&S (Head and Shoulders), and then today it breaks resistance,
What can we expect for the coming days? That it breaks the levels of 1.60 and at the beginning of December or mid-month it manages to touch 2 dollars.
Let us remember that the market is based on probabilities and analysis, we cannot guess what will happen with the price but we can anticipate movements by fulfilling certain parameters.