#XRP: A Fork in the Road – Either $0.65 or $17! 🚧⚖️
Don’t shoot the messenger! I'm just sharing the probability of a potential formation. Technical analysis (TA) is all about probabilities and possibilities; there are no certainties. 🙌
The current formation, the Ascending Broadening Wedge, comes with its own set of rules and guidelines:
1⃣ Understand the formation before diving in.
2⃣ First,
#XRP needs to close above $3.50 for a solid start.
3⃣ If it hits the $5 range but doesn't close above it convincingly, that increases the chance of this formation playing out.
4⃣
#XRP must retest $1.90 after being rejected from the $5 range.
5⃣ It will need another attempt to close above $5, ideally hitting $6 and closing above that level.
6⃣ If that happens, trust me, we'll likely blast into double digits within 2-3 weeks! 🚀
7⃣ The target move for this Ascending Broadening Wedge is a potential $17.50.
But here’s the kicker: probabilities aren't on our side. ⚠️There's a 70% chance it breaks to the downside and only 30% chance for an upside breakout.⚠️
If we break down, the measured move could take us back to $0.65.😟🫣😰
Can you handle it?
My STANCE: 🏁🏁🏁🏁🏁
Before we face strong rejection from $5, I believe this formation isn't complete yet. 🤔 It's just a possibility! However, if items 2 and 3 from the list come into play, then I’ll have to admit that the formation is starting to take shape. Until then... ⏳
#XRPFamily STAY STEADY AND STRONG. Together, we rise! 💪🌟