As I mentioned in my last post, weโve been forming a bull pennant โ and weโre now just waiting for the breakout above the upper trendline.
Unlike some calling for another month of sideways action, Iโm not in that camp. I believe the next move is right around the corner. Once we break out above that trendline, itโs game on. ๐
From there, Iโm eyeing continuation to these key price targets:
๐น 2.23 ๐น 2.30 ๐น 2.36 ๐น 2.45 ๐น 2.55
The structure is there. The momentum is building. Now we just wait for confirmation. Letโs see how this plays out. โก 2.70
XRPUSD Unfortunately I made a splatter with my car driving at night. Just before the impact my eyes locked with a huge frog wearing women's shoes and a skirt and a rainbow ๐ T-shirt with the print: "I โค๏ธ๐ป" ... I sure don't hope it was "her". There must be a ton of guys out there pretending to be a male frog in drag! Right? ...
XRPUSD Looking at the charts, I believe we have less than a month before another huge move to the upside. Probably testing $3 or pushing through it. New price discovery inbound.
Zooming out on the charts and comparing BTC and XRP price structure, itโs hard not to notice the similarity between the current BTC setup and the early 2021 Wyckoff schematic (see chart)
Back then, after a sharp V-bottom recovery, BTC made a strong run-up, then dipped to retest demand before launching higher โ this is classic Wyckoff Accumulation behavior: โข ๐งฑ Spring: The V-shaped recovery shook out weak hands. โข โ Test: A healthy retrace tested support. โข ๐ Sign of Strength (SOS): Followed by a sharp move upward, respecting trendlines and making consistent higher lows.
We may be seeing the same pattern playing out now โ another V-bottom, a strong initial push, and possibly a dip before continuation.
๐ The real focus is the onward trajectory. If BTC continues respecting the trendline and buyers step in on pullbacks, we could be gearing up for the next leg higher โ just like in 2021.
XRPUSD 
