Technical analysis by AbInvestments about Symbol XRP: Buy recommendation (12/6/2024)

Analysis:To start this analysis off lets make it clear, XRP WILL long term reach $1000+, I am extremely confident that the use case and real world utility outweigh how undervalued the currency right now.Following on from yesterdays analysis.We could be seeing some consolidation within this zone which I have marked.Firstly taking a deeper look into internal structure, We can see that price appears to be creating HL and HH which indicate a iBOS and also potentially iCHoCH. The confluences I'm looking for next would be a HL once again, followed by a HH. However taking into account the overall short term trend, we are bearish as this is just a correction for price and If it was to come down to the M30 Swing low or even better the Supply zone I've marked I will be looking to add more long positions at this level.To consider: INTERNAL Break of Structure If price creates LL below M30 Low If price creates HL internal structure FOMO and Paper hands