A curve has been used on this chart as well to show the bottom action of price in Ripple (XRP). It appears to be a complex, inverted Head (H) and shoulder pattern with one left shoulder (LS) and two right shoulders ( RS ). The neckline for the complex, inverted (or bottom) pattern is indicated by the red line.
Price action has clearly closed above the bottom pattern and therefore confirms the pattern as valid. This means that bulls are ready to drive prices higher. It is likely that price might quickly deep to the $1.06 area which is where I have marked on the chart as the likely point of trade entry.
POI = The price at which this trade is no longer valid (i.e. price closing below $0.87)
The least possible target area for the trade is between $1.71 and $1.77
Assuming the situation above, RISK = $1.06 - $0.88 = $0.18
Reward = $1.71- $1.06 = $0.56
Risk/Reward ratio: 0.56/0.18 = ~3:1