KRAKEN:XRPUSD   Ripple / U.S. Dollar
Ripple just did huge dip due to Coinbase announced that they don't have any plans to add a new coin.
If Ripple continues to surge its new target would be somewhere around 3.5-4$. If Ripple continues to surge it might hit its new high in few days.
On the other hand, left shoulder and head is formed. If right shoulder form Ripple will likely try to find support at 2.2$ or somewhere around 2$ and 1.8$

Remember: This is not financial advice.

Feedback and comments are greatly appreciated.
Comment: A little correction, right shoulder top would be lower, around 2.5$ and new target would be around 3.6$-4$. The target box is placed a little bit too high.

Let's see which direction Ripple will take, I will continue updating.
Comment: Ripple is surging as expected.
Comment: If ripple passes point B it would surge to 4$
Trade closed manually
You sure coinbase was the deciding factor? Many other coins r -20% too
+1 Reply
Samppa290 TStolpe29
@TStolpe29, At least it was partially deciding factor, Ripple has also seen incredible gains so that correction was expected.
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