The analysis begins with XRP at $2.31 and identifies a bullish engulfing candle on November 5, indicating a potential bottom. The analyst dismisses the 'scam wick' on the Binance chart, opting to analyze the Coinbase chart. A megaphone or broadening bottom pattern is identified, suggesting a likely upside breakout. Typically, megaphone patterns move in five waves; the presenter locates five moves. Analyst notes that a full rise up the megaphone pattern would suggest breaking the trendline to $2.70 and moving up to the $2.80 region, at that point the analyst sees the crypto making a decision to break out upwards or downwards from the pattern. Target price is projected to all time high of $3.65. Also highlights the potential for an inverse head and shoulders pattern for an additional upside. Finally suggests that by the end of this cycle XRP will reach $13.50