Here Is How XRPs Major Fractal Can Play Out Anew Time!

Hello Traders Investors And Community,

Welcome to this analysis where we are looking at the XRPUSD 4-hour timeframe perspective, the recent events, the underlying fractal structure, how the major fractal can establish anew and what to expect after this important consideration has emerged. XRPUSD on the higher timeframes is trading within a bigger consolidation range where it formed somewhat of an inverse head-and-shoulder-formation and the ascending-channel-formation which also recently confirmed to the downside, now it has reached the important lower-support which is extremely crucial here as it was the origin already of the first major fractal to the upside which can possibly emerge a second time now, therefore I detected all the important levels, upcoming fractal possibilities and outcomes after that we should consider at the moment.

Fractal-Structure:
Looking at my chart you can watch there that the first fractal developed in 3 overall phases beginning with the first phase, the accumulation where XRP built an accumulation above the 0.23 level and stabilized there before moving into the second phase which is the mark-up-phase where demand from retailers entered and pushed the price higher nevertheless with a volatile up and down coming into the final phase 3 where XRP approached the strong upper-resistance in which a reversal to the downside finally showed up after the markup has ended also supply entering the market and pushing price down, this very similar structure can be seen now as XRP consolidates above the lower-support and marks it as support, this is why we can expect the next phase to begin above the 20-EMA with the markup.

Upcoming Perspectives:
Currently XRP found the proper support at the 0.23 level when this confirms a second time again as within the first fractal the phase 2 is likely to start when XRP finally moves above the 20-EMA where demand can enter and push the price higher within the markup, this phase comes into the last stages when XRPUSD moves above the 400-EMA in green where it moves into the phase 3 which will lead directly into the strong resistance-layer above where a pullback is highly possible as it was determined within the first fractal already, when this shows up it has to be elevated how XRP proceeds further in the range and if there can come third fractal of such sort, overall the bottom building can still emerge and XRP can build up after the final phase however the bearish side of things should not be underestimated here as XRP is weakening in price-action since longer times.

In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best!
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Information provided is only educational and should not be used to take action in the market.