In the 3 D chart we have a much larger falling wedge.
As of writing the price line seems to be making the touch on the 3rd wave down. We are about to complete the 3rd of 5 possible waves. As indicated by the yellow price line breaking out of the wedge on the 4th wave.
Or there is a chance a bear trap will be set and price will partially retrace down to support around 2000 satoshi. IF rebounds from this range will form a IH&S reversal pattern.
There is also a rising wedge highlighted in the light blue triangle. This is a bearish continuation pattern that broke down as it should.
You can also see the much smaller falling wedge highlighted by the light blue trend lines where prices are hanging out today on July 2 2020.
Now that is see this pattern, I believe that this will be our over all price action before we break free of the bear market of XRP.
Always remember to set your stop loss! Then be ready to BUY!
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