XRP Whales Load Up Ahead Of Spark Airdrop

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XRP 4-hour chart

XRP 4-hour chart

Notably, the symmetrical triangle pattern usually denotes a high level of uncertainty on the market. Also, it is a precursor of a volatility spike as the break-out direction will define a new trend of an asset price. 

On the downside, the critical support comes at $0.5. Once it is broken, the sell-off will be extended with the local support created by 4-hour 200 EMA at $4.6 and the estimated triangle breakdown target at $0.31

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Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational ...

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