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$XRP forms the fifth wave and prepares for a potential breakout 🔺📈 | Bullish flag forming amidst technical momentum 💢🪄🧨
Current price: 3.2627 (+0.33%)
📊 According to wave analysis, XRP is about to complete the fifth wave — which is often followed by a strong price rise. At the same time, the price is attempting to break out of the descending channel, forming a bullish flag pattern on the timeframe.
🌀 The descending channel formed after breaking a global butterfly pattern, and now we notice two attempts to break the upper limit:
1. Head and shoulders pattern
2. Butterfly pattern
Both indicate increasing bullish intentions.
🎯 If the price successfully breaks the upper limit of the channel, the first target will be 3.30, and if momentum confirms, we may see 3.33 soon. However, if it fails to hold above the breakout, the price may return to $3.2637 or lower.
📢 Follow the channel #CryptoEmad for more live analyses and instant updates
#XRPPatterns #Wave5InPlay #CryptoAnalysis #BullishSetup
Current price: 3.2627 (+0.33%)
📊 According to wave analysis, XRP is about to complete the fifth wave — which is often followed by a strong price rise. At the same time, the price is attempting to break out of the descending channel, forming a bullish flag pattern on the timeframe.
🌀 The descending channel formed after breaking a global butterfly pattern, and now we notice two attempts to break the upper limit:
1. Head and shoulders pattern
2. Butterfly pattern
Both indicate increasing bullish intentions.
🎯 If the price successfully breaks the upper limit of the channel, the first target will be 3.30, and if momentum confirms, we may see 3.33 soon. However, if it fails to hold above the breakout, the price may return to $3.2637 or lower.
📢 Follow the channel #CryptoEmad for more live analyses and instant updates
#XRPPatterns #Wave5InPlay #CryptoAnalysis #BullishSetup
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