Everone is crazy about the recent XRP move which happened due to fundamental news of winning a case and its associated statements. Anyway its good XRP, I dont usually check XRP chart like bitcoin or eth but its a good time to take a look and convey my thoughts about its future.

In weekly timeframe the price has broken out of descending trendline some time ago which shows some signs of bullishness incoming.After that price consolidated a bit and created a support outside the said trendline which is good. After the support has been created price mad a tight correction flag and broken
out,which gave an impulse move to the upside and price moved up a bit.
After that price came back down almost 70% to retrace the impulse move and then it evolved into larger continuation structure which has
broken out in recent news.

Now we can look at two areas i have drawn rectangle where i think price may take support and consolidate before making the next move if probable. We have to see how the price reacts around that area before making any decision. Beware that it will take some time to form all this into reality if it happens.Wait for price to create some good support or base and then look for break of structure or patterns.

Note: This is for educational purposes only.