Hello Traders Investors And Community,
Welcome to this analysis about XRPUSD, we are looking at the 30-minute timeframe perspective, the recent events, the established formational structure and what we can expect in the upcoming times. XRPUSD the last times has shown up with some initial strong upside-volatility nevertheless it firstly pulled back into the range in which it is now forming a determining formation from where the further conclusions will be made, therefore, I detected the underlying levels and likely determinations we should consider in this case. It is important to differentiate that XRPUSD firstly will test lower levels before a sustainable back-up can show up, therefore I detected all the important levels and likely destinies.
As when looking at my chart now we can watch there how XRPUSD is building this main ascending-channel-formation marked in my chart with the black boundaries, within this formation XRPUSD has developed the coherent wave-count with the waves from A to C which also already fully completed, now, recently XRPUSD moved into the lower boundary of the formation again and is testing it, in this case, it is necessary to notice that this can be the tipping point of the formation to complete, therefore, when XRPUSD moves below the lower-boundary it will complete the whole formation as an initial bear-flag and show up with the further conclusions with XRPUSD testing the lower-levels of support, it needs to be elevated then how XRPUSD continues from there and if there comes a possible stabilization which is not far away in this case as XRPUSD has some good supports lying there, it will be an interesting development ahead.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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 market.
Welcome to this analysis about XRPUSD, we are looking at the 30-minute timeframe perspective, the recent events, the established formational structure and what we can expect in the upcoming times. XRPUSD the last times has shown up with some initial strong upside-volatility nevertheless it firstly pulled back into the range in which it is now forming a determining formation from where the further conclusions will be made, therefore, I detected the underlying levels and likely determinations we should consider in this case. It is important to differentiate that XRPUSD firstly will test lower levels before a sustainable back-up can show up, therefore I detected all the important levels and likely destinies.
As when looking at my chart now we can watch there how XRPUSD is building this main ascending-channel-formation marked in my chart with the black boundaries, within this formation XRPUSD has developed the coherent wave-count with the waves from A to C which also already fully completed, now, recently XRPUSD moved into the lower boundary of the formation again and is testing it, in this case, it is necessary to notice that this can be the tipping point of the formation to complete, therefore, when XRPUSD moves below the lower-boundary it will complete the whole formation as an initial bear-flag and show up with the further conclusions with XRPUSD testing the lower-levels of support, it needs to be elevated then how XRPUSD continues from there and if there comes a possible stabilization which is not far away in this case as XRPUSD has some good supports lying there, it will be an interesting development ahead.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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 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.