XRPUSD, This Formation Will Be The Determining Source!

Hello Traders Investors And Community,

Welcome to this analysis about XRPUSD, we are looking at the 6-hour timeframe perspective, the recent events, the established formational structure, and what we can expect the upcoming times under these conditions. As XRPUSD showed up with the heavy declines previously moving into the lower levels and firstly bouncing to the upside in these it is about to form an inverse head-and-shoulder-formation as I already mentioned previously, if you did not see this analysis already I highly recommend it to watch as this analysis in which I detected another decisive formation is building a coherent follow-up symbiotically with the potential head-and-shoulder, therefore I detected all the important levels and likely outcomes.

As when looking at my chart now we can watch there XRPUSD is now building this massive triangular-cluster-formation with the lower and upper-boundaries established and also with the coherent wave-count within the formation already completing waves A to B and now about to finalize the wave C moving on to the further waves D and E which will finally complete the whole formation within the schedule, in this case, it is from high importance that XRPUSD holds the lower boundary properly and confirms it as a strong support to bounce to the upside from there when such price-action happens this will be the source for a final bullish breakout to the upside of the formation and also the completion of the bottom. Taking all these factors into consideration XRPUSD is in a situation where it can move into some solid potentials when it completes the formation within the schedule in this case it is highly important that XRPUSD does not move into the bearish-triangle-breakout-invalidation-zone again because this will invalidate the formation and point to lower levels in the structure however when XRPUSD manages to show up with the proper validations this can create some solid possibilities further, it will be an interesting development.

In this manner, thank you for watching the analysis, have a good day, and of course good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."

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