XRPUSD breaks bullish flag pattern.

In our latest XRPUSD analysis we noted the bullish flag pattern that was formed. Price broke the pattern upwards and activated the bullish signal. XRPUSD is expected to move higher.

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Red lines - bullish flag

Red horizontal lines - Fibonacci expansion targets

XRPUSD is trading above $0.80. Recapturing the $0.65-$0.75 level is key for the long-term trend in XRPUSD. The 1st target of the bullish flag breakout is at $0.9450. Bulls need to hold price above $0.69. This is key short-term support. A break below this level cancels the bullish target of $0.9450.

The material has been provided by InstaForex Company - www.instaforex.com

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