Hello Traders Investors And Community,
Welcome to this analysis about XRPUSD, we are looking at the 12-hour timeframe perspectives, the recent events, the established formational structure, and what we can expect in the upcoming times. As already mentioned in previous analysis XRPUSD was about to form this major triangle-formation which was likely to complete within the schedule with the proper confirmations necessary to show up, this now finally happened and XRPUSD confirmed both the breakout as well as the pullbacks and further stabilization, in this case now I discovered further important signs that will be necessary to elevate within the next times, therefore I detected all the important levels and destinies we should consider in the established structure and upcoming movements.
As when looking at my chart now we can watch there how XRPUSD is forming this ascending-channel-formation since the breakout of the triangle and confirmation has shown up. Furthermore, XRPUSD is about to test this main descending-resistance-line marked in blue in my chart which is a very important reference-point of resistance here and when XRPUSD manages to break out above this resistance-line it will lie ground for the further wave-developments and pointing to the upside targets. Therefore it is necessary that XRPUSD does not fall below the ascending-channel again because this will invalidate the bullishness. Nevertheless, when XRPUSD manages to breakout above the resistance and continues further bullishly the main targets are lying within the 0.7185 level marked in orange in my chart, when XRPUSD approaches this zone a pullback is firstly very likely which should not be underestimated especially as there are several strong resistances still lying, therefore it will be necessary to elevate on how XRPUSD forms the breakout above the descending-resistance and how it continues with the wave-count and approach of upper resistance after that.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about XRPUSD, we are looking at the 12-hour timeframe perspectives, the recent events, the established formational structure, and what we can expect in the upcoming times. As already mentioned in previous analysis XRPUSD was about to form this major triangle-formation which was likely to complete within the schedule with the proper confirmations necessary to show up, this now finally happened and XRPUSD confirmed both the breakout as well as the pullbacks and further stabilization, in this case now I discovered further important signs that will be necessary to elevate within the next times, therefore I detected all the important levels and destinies we should consider in the established structure and upcoming movements.
As when looking at my chart now we can watch there how XRPUSD is forming this ascending-channel-formation since the breakout of the triangle and confirmation has shown up. Furthermore, XRPUSD is about to test this main descending-resistance-line marked in blue in my chart which is a very important reference-point of resistance here and when XRPUSD manages to break out above this resistance-line it will lie ground for the further wave-developments and pointing to the upside targets. Therefore it is necessary that XRPUSD does not fall below the ascending-channel again because this will invalidate the bullishness. Nevertheless, when XRPUSD manages to breakout above the resistance and continues further bullishly the main targets are lying within the 0.7185 level marked in orange in my chart, when XRPUSD approaches this zone a pullback is firstly very likely which should not be underestimated especially as there are several strong resistances still lying, therefore it will be necessary to elevate on how XRPUSD forms the breakout above the descending-resistance and how it continues with the wave-count and approach of upper resistance after that.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.