XRPUSD, Main Formation For Continuation, How It Completes!

Hello,

Welcome to this analysis about XRPUSD, we are looking at the 4-hour timeframe perspectives. XRPUSD in the last times is forming quite an interesting formation as I discovered, the formation has similarities with the descending-wedge-formation forming in Bitcoin. When the formation in XRPUSD completes in the upcoming times with the right price-action and XRPUSD maintains a substantial pace in the upcoming times this can lead to great volatility, activation of the targets, and appointing of the targets till they are reached. Therefore I detected all the important levels, formational structure, and what we should consider with XRPUSD in the upcoming times.

Structural Developments:
As when looking at my chart we can watch there how XRPUSD is now building up above this ascending-trend-line marked in my chart with dashed black, above this trendline XRPUSD forms this major descending-wedge-formation with the waves A to C almost already completed and recently with the ending of the wave C XRPUSD moved rightly into the given ascending-support determined by the ascending-trend-line. When XRPUSD now manages to increase with bullish price-action further in the upcoming times this will lead to a completion of the descending-wedge-formation and activation of the upside-targets. Currently, XRPUSD already tested the 20-EMA which is a good sign.

Upcoming Determinations:
Taking all these factors into the consideration now XRPUSD has developed a considerable structure from where it can move on with appropriate opportunities. Therefore it is necessary that XRPUSD rightly bounces above the upper boundary of the descending-wedge-formation. When this happens as it is shown in my chart and XRPUSD rightly stabilizes above the boundary it will be the setup for the further continuations to the upside and activation of the target-zone at 0.74 marked in my chart in blue. After this zone is reached it has to be elevated how XRPUSD continues further and if there comes a bullish continuation right away or XRPUSD firstly sets up for a pullback.

In this manner, thank you for watching my analysis about XRPUSD and the main formation developing that has the ability to be origin for continuations, great contentment for everybody supporting, all the best!
"The key to success is to focus on goals, not obstacles."

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