Ripple (XRP) has just formed a big bull flag on the 4H chart for XRP/USD. The price has found immediate resistance at the 50 EMA but a breakout is expected in the days ahead. The EMA alignment on the 4H timeframe continues to remain bearish. However, Elliot Wave Oscillator on the same timeframe signals a reversal in the days ahead. The bearish momentum that was on a rise since August 6 now appears to be lost completely.
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