XRPUSD, Descending-Triangle-Formation, Important Determinations!

Hello,

Welcome to this analysis about XRPUSD, we are looking at the 4-hour timeframe perspectives. As I discovered XRPUSD in the recent times is forming some interesting structures from where it can build up on an increase with volatility in the schedule to reach certain target-zones. As when looking at my chart now we can watch there how XRPUSD is firstly within this major ascending-channel-formation marked with the dashed upper and lower boundary. Within this ascending-channel now XRPUSD has emerged to develop this descending-triangle-formation with the coherent wave-count in the formation and the waves A to C already completed. Now as XRPUSD moved into both the lower boundary of the ascending-channel as well as the lower-boundary of the descending-triangle and also already bounced within this zone the bullishness is likely to increase from here. When XRPUSD manages to breakout above the upper-boundary of the descending-triangle it will be the appropriate setup for the continuations to the upside and XRPUSD will activate the initial descending-triangle-target marked in my chart in blue. When this target is reached the situation needs to be elevated anew and if XRPUSD continues, when this happens the main target will be the wave-C-determination within the upper-boundary. It will be an interesting development ahead.

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Information provided is only educational and should not be used to take action in the markets.