As you see Ripple had a nice and huge bullish price action after 9 month accumulation phase. then after a deep pullback at 78.6%, forming an ABCD pattern is very possible. Targets are shown on the chart!
Note
So descending channel has been broken and price complete a classic pullback, it seems that price action is going to form right shoulder of an inverted head and should, once the neckline has been broken eventually 2.5$ is the next target
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.