It seems a fourth weekly candle is forming to signify a solid bottom highlighted in the blue rectangle. One more day for the weekly close.
My take on XRPUSD right now is that a wave 3 will likely begin if this weekly candle closes above its current price point, signifying a strong bottom for the past 4 weeks.
Volume is low however so I would not trade this area but a break above 64 cents. I am still long on XRP in the short, medium and long term.
My take on XRPUSD right now is that a wave 3 will likely begin if this weekly candle closes above its current price point, signifying a strong bottom for the past 4 weeks.
Volume is low however so I would not trade this area but a break above 64 cents. I am still long on XRP in the short, medium and long term.
Comment:
Totally rekt! lol