XRPUSD, Completes Triangle, Further Pullbacks Possible Now!

Hi,

Welcome to this analysis about XRPUSD, we are looking at the hourly timeframe perspective. As already mentioned and shown in previous analysis XRPUSD formed this ascending-channel that had a high possibility to confirm as a bear-flag which initially happened now. Besides that XRPUSD has also developed this triangle-formation marked with the boundaries in black, XRPUSD already completed the wave-count within the formation and moved below the lower boundary this is indicating the continuation to the downside as the triangle completed, this does not mean XRPUSD is completely bearish also on global perspectives as there are lying some supports from where XRPUSD has the ability to back-up again however it is necessary that XRPUSD holds these levels.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, 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 market.