Looking at my chart you can watch XRPUSD moving within the triangular-formation which is building similarly to the first one between the upper boundary of the accumulation channel and the lower boundary of the massive ascending-channel-formation, such a sideway period is known for a heavy breakout which is, in this case, the breakout to the upside with a high possibility as we have seen it already in the past where XRPUSD has shown up with its protracted bull-market in 2017. What is also important now is that XRPUSD has closed by weekly close within the green fraction of the Thunder Cloud Suite which is a sign signaling the bull-market to show up, such signals already confirmed the bull-market also within Bitcoin , the fact that XRPUSD has closed there gives the edge that the final breakout and further confirmations arent not as that much far away as imagined.
XRPUSD is in a situation where it has to show the ongoing consolidation going on in the triangular-cluster to gain strength and come up with the final breakout as we have seen it already in the first one, currently, this is a high possible scenario likely to show up due to the fact that the thunder-cloud-suite already turned green. The final confirmation of the bull-market will show up when XRPUSD closes above the upper boundary and above the 100-EMA with a decisive move which will activate the next movements and ongoing tests of the upper levels to take place as we have seen in the past XRPUSD can just show up with exaggerated and high potential to develop as it was one of the pioneers in cryptocurrency and is adapted by many economic solutions the fundamental edge gives also positive signs for the development now it is necessary to show up with the proper validations as suggested till the final bull-market establishes.
In this manner, thank you to everybody for watching, have a good day and weekend as well as good trading, all the best!
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Information provided is only educational and should not be used to take action in the market.
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