$XRP The BIG Picture 📸

We can see that price action has formed a pink ascending brodening wedge. This is a potential bearish pattern with about a 75% success rate.

It can also be a continuation pattern. $XRP used to be fractions of a penny back in 2015.

This chart only goes back to 2018 after the 2017 super cycle.

The most bullish phase of the bullrun is just around the corner.

If price action can break out above the pink trendline, it would activate the bulls to push price action to the projected upside targets.

Each pattern has its own measured moves and corresponding targets. Take the measured move to the point of breakout. This is how you can nail targets, too.

The purple cup and handle pattern has broken out to the upside. Cup and handles are known for their explosive movements to the upside.

A retest of the breakout is totally normal. It's not necessary, but it's common.

$XRP Bullish Targets
1) $4.67
2) $5.24
3) $6.55

NFA, DYOR ⚠️

#Crypto # Trading #XRP