Then, XRP traded sideways for a while, until it formed another peak on 3/5. From there, XRP has created essentially the exact same pattern. You can see that there was another combination of two bear flags, that sent XRP into a bottom, which immediately reversed into a . Hands down, that is the EXACT same pattern. So, now we wait for a breakout above the , and from there, we can expect a retest of the 200 , which would complete the pattern.
As you can see, the full scale projection of the extends above both the 200 and the 78.6% retrace, so there is plenty of potential to fulfill the rest of this pattern. Now, it's just a matter of waiting for the breakout. Inside of the current , you can see that the 50 (in orange) is passing through it, and we are currently below that level. Looking back through the chart, you can also see how resistive the 50 has been. So, there is a potential that this flag could actually fail, due to the resistance of the 50 . That's a notable difference between the two patterns, and that's why it's very important to wait for the breakout.
I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! revoir.
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