Alikze »» XRP | Wave 3 or C bullish scenario - 1D
2024-11-13

🔍 Technical analysis:  Wave 3 or C bullish scenario - 1D 

- Ripple is moving in an ascending channel in the weekly time frame.

According to the current momentum, it can touch the range of 93 cents in the first step, which is an important supply area.

- Before hitting the supply area, he can break the roof of the channel and after hitting the supply area, he can have a correction or pullback to the broken channel roof.

- According to the previous structure that had a zigzag modification; It currently has a zigzag reversal to the upside, which could touch the targets indicated on the chart.

⚠️ In addition, according to the current structure, the price should not enter the Invalidation LVL range, in which case it should be reviewed and updated again.⚠️
 
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