XRPUSD, Major Wedge-Formation, Upcoming Perspectives!

Hello Traders Investors And Community,

Welcome to this analysis about XRPUSD, we are looking at the 6-hour timeframe perspectives, the recent events, the established formational structure, and what we can expect in the upcoming times. XRPUSD is one of the more volatile currencies these times within the cryptocurrency market showing up with heavy price-swings to the up as well as to the downside and recently testing important remaining resistances in the structure, in this case, I discovered a major formation XRPUSD is forming now that will lie ground for the next determinations ahead upcoming times, therefore I detected all the important levels and likely perspectives we should consider with XRPUSDs established structure and upcoming movements.

Structural Developments:
As when looking at my chart now we can watch there XRPUSD is building this huge and massive broadening-wedge-formation marked in my chart in blue and with this decisive coherent wave-count within the formation already completing waves A to D in the structure where it is now testing the lower boundary of the broadening-wedge where several supports lying likely to be the origin for the wave E to the upside that can lead to a great breakout above the descending-resistance-line marked in my chart in black, when XRPUSD manages to move above this resistance-line it will lie ground for the upper targets to be reached which are also matching with the strong resistance lying there and a pullback has a greater possibility then.

Upcoming Determinations:
Taking all these factors into consideration XRPUSD has a really great likelihood to continue bullishly firstly when moving below the descending-resistance-line in black, when this happens the strong remaining resistances will be tested from where a pullback should be expected, this pullback will then move on to test the lower levels of supports and when XRPUSD then manages to form a sustainable stabilization within this level it will lead to further testing of remaining resistances ahead upcoming times. For now it will be important how XRPUSD moves on with the established wave-count and how it determines above the resistance, it will be an interesting and important development ahead.

In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and trading, all the best!
"The high destiny of the market is to explicate rather than to speculate."

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