XRPUSD, Completes Descending-Triangle, Activated Target-Zone!

Hello,

Welcome to this analysis about XRPUSD, looking at the 12-hour timeframe perspectives. As I discovered recently XRPUSD is forming a very interesting formation in the structure that has the ability to convert into a determined continuation especially because the formation recently completed with a breakout and therefore validation of the whole formation. As when looking at my chart now we can watch there how XRPUSD has formed this major descending-triangle-formation with the coherent wave-count in the formation almost already completed. XRPUSD is now above the upper-boundary and already pulled back to it to bounce from it giving the proper setup for the upcoming continuations. These continuations will follow-up and firstly approach the initial target-zone marked in my chart in blue in the 0.898 level. When this initial target is reached it has to be elevated how XRPUSD continues further and how a continuation of the established volatility can look like or there firstly comes a pullback which also is possible in this case, it will be a important and interesting development ahead.

In this manner, thank you for watching my analysis about XRPUSD and its major descending-triangle-formation that recently completed with further perspectives ahead, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the markets.