$XRP is forming the fifth wave and preparing for a potential breakout 🔺📈 | A bullish flag is forming amid 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 increase. At the same time, the price is trying to break out of the downward channel, forming a bullish flag on the timeframe.
🌀 The downward channel formed after breaking a global butterfly pattern, and now we are observing two attempts to break the upper boundary:
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 the momentum is confirmed, we might see 3.33 soon. However, if it fails to hold above the breakout, the price may return to $3.2637 or lower.
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