XRPUSD, Completes Determining Formation, Upcoming Perspectives!

Hello Traders Investors And Community,

Welcome to this analysis about XRPUSD, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. XRPUSD recently showed up with some serious initial bearish declines moving below previous support that are necessary to assess here. In this case, I detected a formational structure XRPUSD has developed lying ground for the next determinations especially in the next times it is important to elevate what is possible and what is not possible for XRPUSD to move with the given circumstances and adapt to the individual scenarios, therefore I detected all the important levels and likely destinies we should consider here.

Structural Developments:
As when looking at my chart now we can watch there how XRPUSD just recently completed this major bear-flag-formation within the schedule marked in blue, this formation built wave C within the main ABC-wave-count where wave A already developed previously with the initial bearish pullbacks. Now as XRPUSD is below the lower boundary of the bear-flag-formation this will be the setup for the major wave C to develop in the structure which will move on and protract till there is proper support found in which XRPUSD can back-up and stabilize again, this is likely to happen within orange back-up-cluster marked in my chart which is also highly important to hold because when this does not happen the continuation will follow below.

Upcoming Determinations:
Taking all these factors into consideration XRPUSD is firstly in a precarious situation where more bearish pressure is likely to show up within the next times, this is a fact that should not be underestimated in any case here especially as the cryptocurrency market is highly volatile and can change direction more fastly as it is seen within the past. Therefore it will be determined on how strong this wave develops and how XRPUSD manages to back-up in the structure and stabilize further as suggested, when XRPUSD manages to stabilize within the lower supports and move on higher this can also lead to a great descending-channel-breakout with the testing of higher levels ahead upcoming times, it will be an interesting development.

In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"Trading effectively is about assessing possibilities, not certainties."

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