effectively the 3rd wave, we may see mass adoption of BTC.
Objectives in graph are based on previous cycle and provide an approximation of what I believe could happen. Hitting 500k this cycle may seem extreme, but we could achieve it before Aug-25. Trump's victory and the deep reforms he's been talking about could be the catalyst for this great wave. I also expect to see China lifting crypto ban.
Chart is weekly view, so don't panic over daily movements. #USUALonLaunchpool&Pre-Market #BTCBreaks93k $ETH $BTC $SOL
On the 1-hour time frame, the price has also confirmed the breakout from the falling wedge, following a strong upward move. The demand zone around $0.5778 provided solid support, triggering the bullish rally.
Trade Summary:
Entry Price: $0.5813 First Target ($0.5978): HIT✅ Second Target ($0.6136): HIT✅ Third Target ($0.6284): HIT✅ $XRP
The bullish divergence on the RSI supported this breakout, confirming weakening bearish momentum. All take-profit targets were successfully achieved on the 1-hour chart as well, showing strength in the upward trend.
The price is currently moving in a falling wedge on the 15-minute frame, signaling a potential bullish breakout. It is approaching a key demand zone around $0.5778, indicating a strong support level.
A breakout above the wedge could lead to a move upwards, targeting the following levels:
First target: $0.5978 Second target: $0.6136 Third target: $0.6284 The RSI is showing a bullish divergence, confirming weakening downward momentum and increasing the likelihood of an upward move.