XRPUSD, How This Channel Completes As A Decisive Flag-Formation!

Hello Traders Investors And Community,

Welcome to this analysis about XRPUSD, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what to expect in the upcoming times. As already mentioned in previous analysis XRPUSD has developed a decent bullish edge on the global perspective as it already managed to complete the massive symmetrical-triangle bullishly to the upside. Now as this happened XRPUSD also bounced from the boundary anew and validated it. Now I discovered a decisive formation XRPUSD is forming that will be worthwhile in determining the next destinies, especially when the formation completes it can lead to great conclusions 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 with the boundaries in black, within this formation XRPUSD has the coherent wave-count with the waves A and B already almost fully completed and with the wave C remaining that will run directly into this confirmational-bounce-zone where several supports are lying and where a bounce to the upside has good potential. When this happens and XRPUSD manages to bounce within the structure to continue further bullishly this will lead to a breakout above the upper-boundary and such a price-action will finalize the whole formation bullishly to the upside. After this is done XRPUSD will activate upside targets and the further continuations till these levels are reached, it will also be the proper set-up for the development of the wave C and potential targets, in this case, are lying within the 0.65 USD zone from where the situation needs to be elevated anew.

Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."

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