XRP made a big strong rally to the high of a big resistance. Because of this conviction there is a reasonable chance to form a big inverse H&S. But we would need to see a good solid correction/consolidation from the current levels. On the right we can see a channel, if that breaks we can assume the green support will get tested again. If that happens there is a chance for a small H&S. Even if that one reaches the target, it would still fit the picture of that big inverse H&S. But the right shoulder has to be smaller in size and time than the left shoulder.
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Previous analysis:
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Previous analysis:
Note
We broke the channel and made a decent drop. At the moment we are seeing a good bounce, sign of life. We could make a V shape here, but not likely. I would rather see the lower low version, to really test support another time. Note
Update 
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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.