Technical analysis by samideluxe about Symbol XRP: Buy recommendation (10/17/2021)
https://sahmeto.com/message/2650393

samideluxe
Rank: 12139
Analytical Power:
1.5
XRP Near to Possible parabolic breakout
:Buy
Price at Publish Time:
$1.09

It seems that we are about to breakout of the second triangle pattern which XRP formed during the current bull market. The breakout would confirm an eventual wave 5 of the current structure being formed since beginning of november 2020. How to trade this? Wait for breakout of the triangle towards the upside, then buy the re-test at approximately 1.17$ The targets if breakout is confirmed should be: 1) 1.37$ 2) 2$ 3) 4.10$ expected new ATH If we breakdown, stop-loss will be set at approx. 1$ Hope this helps! Happy Trading
Source Message: TradingView