#RIPPLE High Timeframe analysis :-
➡️ #XRP is currently consolidating sideways within a symmetrical triangle pattern. The slope of the 200 EMA is also flat, indicating further sideways movement in price.
➡️ The price has attempted to break the support multiple times but has failed. It is anticipated that the price will break out of the pattern to the upside, potentially reaching higher levels.
✅For a long entry, we should wait for the price to break above the pattern's resistance and for a candle to close above the $0.6639 level, as this would indicate strong bullish momentum. The key resistance and target level for the price will be $1.4065.
⚠️Conversely, if the price breaks down and a candle closes below the $0.4302 level, the trade setup will be considered invalidated.
