Ripple is forming a very obvious cup and handle pattern! The cup curves almost perfectly, and the volume has a similar shape. Moreover, the Elliott Wave count also confirms my analysis. XRP finished a 3-3-5 ABC correction and completed waves 1 and 2 of a new impulse. Since wave 3 is usually longer than wave 1, the price could reach 50k satoshis assuming just a 1 to 1 extension! Furthermore, that is just a conservative estimate; 55k is much more probable target for the next few days.
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