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

Based on the current chart and signals, there are several factors supporting a bullish trend for XRP toward $4 before January 1:Elliott Wave Pattern: The displayed patterns suggest a continuation of the upward impulse, with clear corrections followed by new highs.Breakout Signal: XRP appears to be breaking out of the descending triangle (ABCDE pattern), which often leads to a strong upward move.Volume and Momentum: Increasing volume and a positive RSI indicator indicate strong buying pressure, supporting further price increases.Previous Price Action: The recurring patterns suggest cyclical growth, paving the way for a target of $4.If these trends continue, reaching $4 by the end of the year is within reach.