XRP Terminal Wedge Breaks Near $1.30 as 3 Correction Clocks Expire at Once
Photo: The Crypto Basic
XRP may be nearing the end of its months-long correction after breaking above a contracting wedge near $1.30. The chart suggests that three separate timing counts within the correction are reaching their limits at the same time, which raises the probability of a price recovery . XRP trades at $1.3094 after hitting a session low of $1.3002 on the 12-hour chart. The decline followed a double corrective pattern that began after XRP reached $1.70 in August. The latest price action suggests that the final wave of this pattern may be ending.
Source: The Crypto Basic
