XRP - Could it be a bull trap?

XRP broke the descending triangle. It did a nice a,b,c,d,e pattern and broke up.

However, I would be cautious and wait before getting excited.

1. No volume increase.
2. Candlesticks are showing wicks. This means buyers are trying to bring it up but it is stopped by sellers.
3. 55 EMA is acting as resistance.

So, I recommend to be cautious. and wait for more confirmation before potentially going long.

Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.