petro90
Short

XRP is triangle that will break down. Targets 0.38, 0.31, 0.26 $

BITFINEX:XRPUSD   XRP / U.S. Dollar
I continue to analyze XRP with a third idea that complements the two previous ones. Globally, the correction continues after the growth of September 18th (see the global idea behind the XRP). after the formation of the global wave B, the global wave of C. Now began to form. Today's idea shows the scenario of the formation of the global wave C.
Buyers reliably protect $ 0.41. After a sharp fall from $ 0.54, a triangle was formed, which statistically more often breaks down. For sellers, the critical area is now 0.51-0.516. If sellers can not keep it, then buyers will try to continue to grow. But in my opinion this is unlikely.
If you look at the XRPBTC chart, then it is clear that people bought XRP at the BTC fall to reduce their losses. But now XRP is at a critical point and in the market too little volume to break through this level:
Therefore, it is likely that XRP sales will begin at BTC's growth.
On the former timeframe, it is striking that the current volumes of buyers are lower than those that were on September 18th.
Therefore, I continue to wait for the fall of this coin.
Nice work mate!
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petro90 Killroy1406
@Killroy1406, thanks!
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