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18 January 2021

XRP Looks Toward 60% Breakout Despite Consolidation | Crypto Briefing

XRP Looks Toward 60% Breakout Despite Consolidation | Crypto Briefing


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The 200% upswing that took the XRP token to nearly $0.80 in late November formed the flagpole, while the on-going consolidation period is creating the flag of this continuation pattern.

Indeed, the bull flag pattern forecasts a 66% jump upon the breakout point, which could take the coin beyond the $1.00 psychological barrier.

Peter Brandt, 40 year trading veteran, supports the thesis that the coin is forming a bull flag on the daily chart.

A daily candlestick close below this price hurdle will jeopardize the bullish outlook and lead to further losses for holders

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