XRP has been very interesting lately with a promising decoupling from $BTC. The sudden uptrend was followed by a minor downtrend that formed a classical "Bull Flag" pattern.
XRP attempted to breakout from the flag, but the weight of the macro economics was devastating and led to XRP following a disappointing downtrend.
As of NOW, it seems like we have a clear breakout from the downtrend probably following the bull flag.
This happens to align with the completion of an "ABC" corrective wave to the downside for Wave 4.
Now lets 12345 in Wave 5 with potential targets defined by higher timeframes resistances and fib retracements.
XRP attempted to breakout from the flag, but the weight of the macro economics was devastating and led to XRP following a disappointing downtrend.
As of NOW, it seems like we have a clear breakout from the downtrend probably following the bull flag.
This happens to align with the completion of an "ABC" corrective wave to the downside for Wave 4.
Now lets 12345 in Wave 5 with potential targets defined by higher timeframes resistances and fib retracements.
The count will be updated in a follow-up idea.