$XRP forms the fifth wave and prepares for a potential breakout 🔺📈 | Ascending flag pattern 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 an ascending flag pattern on the time frame.
🌀 The downward channel formed after breaking a global butterfly pattern, and now we observe two attempts to break the upper limit:
1. Head and shoulders pattern
2. Butterfly pattern
Both indicate increasing bullish intentions.
🎯 If the price succeeds in breaking 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, in case of failure to hold above the breakout, the price may return to $3.2637 or lower.
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