XRPUSD, Builds Formation Within Formation, Likely Perspectives!

Hi my friends,

Welcome to this analysis about XRPUSD, we are looking at the 2-hour timeframe perspective, XRPUSD these times is forming some very interesting signs overall and as I already detected the descending-channel-formation XRPUSD build there added other worthwhile signs that can lie ground for the upcoming determinations, therefore we are looking at all the important levels and likely outcomes we should consider with XRPUSD in its established structure and the perspectives ahead.

As when looking at my chart we can watch there that XRPUSD is forming beside the descending-channel-formation which I already suggested a major triangular-cluster-formation where the descending-channel is certainly the wave C in the structure as the waves A and B already formed XRPUSD will complete the final wave C with the completion of the descending-channel-formation where it already showed up with the waves A-D and is now about to form the final wave E which is also matching with the final wave C of the bigger triangular-cluster wave-count, this wave will directly lead into the lower back-up-cluster marked in my chart in blue where several supports coming together and therefore a bounce likely to establish as it is marked in my chart, when this bounce is strong enough and it manages to move higher from there it can lead to a great breakout and completion of bot formations as the wave-counts also already completed. Taking these factors into consideration it is of high importance that XRPUSD does not move below the lower-boundary again because this will invalidate the bullish-breakout-scenario.

In this manner, thank you for watching the analysis, have a great day and weekend, all the best!
"The high destiny of the market is to explicate, rather than to speculate."

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