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Ripple (XRP USD/USDT) Support Levels by Request + Learning

BITTREX:XRPUSDT   XRP / Tether
This is an analysis by request. Please hit LIKE to start reading...

Ok my dear readers and beloved cryptocurrency traders, this is Alan Masters and I Love You! But what I actually mean is that you should always say... "I KNOW THAT I AM BLESSED AND I LIVE WITHIN THAT KNOWING. I LOVE & ACCEPT MYSELF NOW & ALWAYS"... Namaste.

Without making you read anymore love related paragraphs... Here are the support levels for Ripple ( XRPUSDT ) based on the Binance chart.

Ripple ( XRPUSDT ) Support Levels by Alan Masters

Now, the question asked by one of our great followers:

"How likely are we go to as low as support (3)?"
(Feel free to leave your questions in the comments section below)

Here is a possible scenario: but wait... here is my answer:

I don't see it as very likely unless XRPUSDT continues in bear mode for a very long time or if there is a flash crash/dump, which in turn would result in a quick bounce. So instead we focus on price action and check the candle close every week.

Example: This week closes today and we are below Fib. 0.236 @$0.30. If the weekly candle closes below this level, then we can expect to test our first support at $0.24. If the candle closes above then XRPUSDT has the chance to test EMA10 ($0.39).

I know this article is a bit disorganized, I apologize but hopefully it helped you understand better XRPUSD next support...

If yes... hit LIKE... MORE OPPORTUNITIES WILL ALWAYS COME...

TO YOU!

Alan Masters here...

Namaste.
Comment: Ripple (XRPZ18 / XRPBTC) Analysis:
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@alanmasters Hi, I believe your wave count should be adjusted. It's ok 5 waves down 3 up and 5 more down but wave 4 never goes higher than wave 5 I would suggest you to review your wave count or explain why is that. Thanks
+1 Reply
alanmasters malditoduende
@malditoduende, Thanks a lot, highly appreciated.

I am new to Elliot Waves and just playing with it. Your comment is really helpful.

Namaste.
Reply
malditoduende alanmasters
@alanmasters, I'm sorry I was wrong in my comment I meant:
wave 4 never goes higher than wave 1. Anyhow Elliott wave it's really interesting and gives a clue about market directions.
Reply
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