Just being creative about what could form out of this current price action.
I will be looking for a structure like illustrated and trade accordingly while remaining flexible should the case be invalidated
Inverted H&S on 1 HR points to potential rise and subsequent price movement
The chart is looking like its to setup to a price of the upper range of the channel. The pace is quite unclear but since the coin is still young I think it could happen in a shorter period.
If the pattern plays out a target of 589 is in the cards from a technical perspective. Disregarding fundamentals.
Played around with replicating an earlier trend and it interacted well with previously drawn trend lines you may recognise from previous works.
Looks like the overall trend for me is clear. Up in some way. I am looking for a structure like this to form and to enter at confirmation points exiting at top level.
I hope to see a similar structure forming on the 4h soon.
If no fundamentals change until mid 2025 the trading pattern shows a bullish case targeting USD 1.98 for XRP that plays out over the next 12-15 months.
Looks like a cup and handle pattern with a short term target of 0.60
It looks like price could be shaping into an ascending triangle should the current push not close above the pattern.