Head and shoulder is appearing in 4H time frame.
Correction in 1 hour time frame when the pull back to 1224 confirmed. targets: around 1216 and 1208
Here is the my thought as the way of gold up trend. after the last major breakout we will observe a short correction as a pull back to ( 1213 or 1206 ) that might happens within a week or few days more.
As you can see the caption, If that event doesn`t happen by end of this year, then probably that won`t happens at least for another 5-6 months, due of the enormous resistance zone above the price.
In October and November we will see a nice bull run, when they release or reveal the new payment solution, X-Rapid. The maximum correction for now will be between %78-82 of the last wave which has indicated by the yellow line as a support zone. we might never see this price anymore for XRP, a huge demand is on the way towards XRP which that makes sense to boost...
It`s an infinity bull run for ripple I assume. I`d say by the next year we might see a $1000 XRP, if they keep it in the right track which means to connect that officially to more big banks like HSBC, Bank of America, OCBC, Bank of China ...