Looking for XRP to breakout to the upside from this sideways consolidation.
Comment:
We didn't see a solid close above resistance or follow-through on this trade so closed manually. Now we are looking at an ABC correction and retest of the trendline. Will await further confirmation of direction.
Comment:
Price has retested the trendline and rallied to form a complete ABC, although prices have been rejected again at 0.3869. Failure to break this level could see a fall to the the lower fibs 0.5, 0.618 and below. If price can close above I'm expected a rally to the top of the channel.