It appears XRP has formed a larger symmetrical triangle than I originally drew out.
Early morning, XRP fell to the bottom of this triangle before making a strong ABC correction back to around recent highs.
As shown on the chart, XRP has completed an ABC correction and has most probably completed waves 1 & 2 of this leg up.
We had a retracement back to the .382 fib and are now retesting resistance at the top of the pattern. I expect it to break through to the upside in the next few hours to complete waves 3 &4.
Very bullish pattern for XRP!
Early morning, XRP fell to the bottom of this triangle before making a strong ABC correction back to around recent highs.
As shown on the chart, XRP has completed an ABC correction and has most probably completed waves 1 & 2 of this leg up.
We had a retracement back to the .382 fib and are now retesting resistance at the top of the pattern. I expect it to break through to the upside in the next few hours to complete waves 3 &4.
Very bullish pattern for XRP!
