XRPUSD - Descending triangle give us hope for a potential bounce towards 0.47$ area.

"Simplicity is the ultimate sophistication."

-Leonardo Da Vinci-

XRP/USD

1. Current price action in XRP still looks bearish but this descending triangle being formed gives us some signs of hope for a potential push towards .047$ area.
2. Key levels of interest are still the Weekly support at 0.21$ and 0.19$. Current weekly resistance are at .47$ and .66$ area.
3. Expecting a bullish breakout towards the first resistance at .47$ area this week. If we fail to push towards the upside we should expect some a retest of previous resistances at 0.21$ and downwards before another attempt at an upside move.
4. As always please practice your own technical analysis and dont take my personal views as any kind of signal for you to trade, this is not my intention when sharing this. My intentions are to improve my personal capacities to analyze the markets and to recieve feedback by the community in order to keep increasing my level of awareness surrounding price action and key areas of interest in the price of the cryptocurrencies.

Remember, nobody can predict the price of cryptocurrencies accurately and anybody claiming the opposite is probably trying to claim your attention and your money. Predicting the price of cryptocurrencies is akin to predicting the weather; the further into the future you try to predict, the bigger the deviation and error rate will be. This is due to the fact that in a complex system involving thousands of variables, some which are know and others which remain unknown, an accurate prediction can only happen if every single variable is correctly accounted for.

Chad trader from ClearThoughtCrypto

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