Профиль Deepak Tandon07

Hello There,
welcome to my new analysis about XRPUSD. Recently the cryptocurrency pair emerged with substantial bullish volume and volatility towards the upside. It is now penetrating important levels. If this bullishness holds, this can turn into major bullish developments and substantial profit potentials. Currently, not every cryptocurrency is building such fruitful setups, this is why I am picking only the high-potential gems for possible trading opportunities.
As seen in my chart, XRPUSD has formed this gigantic triangle formation. This formation is essentially a bottoming formation from which a bullish reversal and breakout continuation into the upper spheres emerge. Currently, XRPUSD is already attempting the breakout above the upper boundary of the formation. Once this happens, as it is shown in my chart, it will lead to the bullish setup, which is confirming this substantial bullish formation.
Once this substantial bullish breakout and bullish setup emerge, it will activate the bullish target zones. In this case it has initial target zones on the way, which are staying within the 1.75 area. Once these target zones have been reached and the bullish momentum holds, the full target zones of this whole bullish triangle formation stay within the 1.975 area. Right now, it all depends on how this whole formation will be completed before the next assumptions can be made.
With this being said, thank you a lot for watching!
What do you think about XRPUSD right now? Are you positioning yourself in the market?
Let us know in the comments!

Deepak Tandon07

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