Ripple with ticker XRPUSD is in strong and impulsive rise after we spotted a bullish break out of a larger bullish triangle pattern and there can be easily space up to 3,3 all-time highs area. We talked about that already back in 2023.
Looking at the 4-hour time frame of Ripple, we saw a nice extension higher within wave (3) and there can be space up to 3,30 all-time highs area to complete a five-wave impulse, so after current wave (4) correction that is testing 2021 highs resistance as a support, be aware of another push to the upside for (5).
XRPUSD 4H Chart
Crypto market slows down, but XRPUSD made nice and clean intraday flag pattern, an A-B-C correction in wave (4) that is testing the strong support around 2,0 area and from where we can see a bullish resumption within wave (5). Confirmation is above channel resistance line and 2,65 level.
XRPUSD 1H Chart
For more analysis like this, you may want to watch below our latest recording of a live webinar streamed yesterday on Monday December 09 2024:
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