We're inside the Equilibrium with XRP still, but all thanks to grandpa BTC, who is currently dragging all major USD pairs behind him. Because in the direct correlation, we've now gotten smashed down to the 3k Satoshi region, and should expect some bounce, albeit a small one, since there is no corresponding S&R zone from the past.
If we don't see bounce going off from here, we will eventually target the 2k Satoshi.
Conclusion for XRP/USD: Once BTC starts to correct, there is a high chance that XRP will break the EQ bearish. We're touching the bottom much more than the top. Definitely check out the attached BTC analysis to understand the direction now.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
If we don't see bounce going off from here, we will eventually target the 2k Satoshi.
Conclusion for XRP/USD: Once BTC starts to correct, there is a high chance that XRP will break the EQ bearish. We're touching the bottom much more than the top. Definitely check out the attached BTC analysis to understand the direction now.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
