XRP getting closer to turning point

This is not financial advice, only what I see on the charts.

If we look at the weekly chart of XRP, there is a huge Dragon formation formed, spanning over multiple years.

Price action is now moving between a narrow space of support and resistance and at the low of the rising channel while Stoch SRI is getting closer to a bottom.

Once it breaks resistance and price gets over the orange line, we can look at targets of $1.32, $1.95 and $2.41.

On the other side, if support is broken it could get much lower, but this would invalidate the huge Dragon pattern and is less likely to happen.
FibonacciParallel ChannelSupport and ResistanceXRPUSDT

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