XRPUSD, Almost Completed Its Formation, Next Steps Ahead!

Hello Traders Investors And Community,

Welcome to this analysis, we are looking at the XRPUSDs 30-minute timeframe perspective, the recent events, the current formational structure, and what we can expect the next times. XRPUSD has shown up with great bullish exponential growth on the higher timeframes and also completed important bullish signals on the weekly perspectives as mentioned, these events contributed a major part to the bullish pace currently forming here and besides that I discovered a worthwhile formation formed by XRPUSD on the 30-minute timeframe now, therefore we are looking at the important levels and likely outcomes to consider next times.

Looking at my chart you can watch there XRPUSD has formed this big head-and-shoulder-formation with the neckline marked in blue and the left shoulder, head, as well as right shoulder, almost finished, the fact that XRPUSD moved above this important descending-trend-line in grey gave the price-action a more bullish edge this is why the formation has almost already confirmed bullishly to the upside, the only thing which could reverse this dynamic is a second right shoulder forming that then breaks bearishly to the upside nevertheless this is seldom seen when the left shoulder already had one shoulder in a row, besides that the bullish price-action looks already strong here. Taking these factors into consideration the bullish price-action to the upside is more likely and to expect, which will show up when XRPUSD bounces within the blue cluster bullishly to the upside, when such price-action shows up XRPUSD will reach the target-zone marked in my chart in blue sooner or later, when XRPUSD reaches these targets it has to be elevated how it moves on from there and if there can come a possible bullish continuation or reversal firstly visiting lower levels in the structure.

For now XRPUSD has formed some solid bullish signs not only on the higher timeframes but also on the 30-minute chart which is likely to be the origin for the suggested targets to reach within the upcoming schedule, the next times it is necessary to elevate how XRPUSD bounces within the blue cluster and emerges from there, when the bounce is solid and strong this will give a great origin for the upside targets to be reached, currently, XRPUSD is one of the greater bullish cryptocurrencies out there which is necessary to differentiate as the divergence between the currencies is increasing more and more.

In this manner friends, thank you, everybody, for watching, supports for more market insight will be great, have a good day and good weekend as well!
"Prospect is the ingredient of good fortune."

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