CR35

XRP Looking For A Breakout

Long
BINANCE:XRPUSDT   XRP / TetherUS
It looks like XRP is heading for a wave 3 on this leg up. We also need to break above green decending trendline and then also retestit with a wave 4, then after that last wave 5 should take us into a .702 and .786 area. There we should find some ressistence there to work it out before another leg up to ATH and very likely beyond.
Moving above the 0.5 fib. retr. level ($1.21) would also mean invalidating recent ABC correction as we would climb above the wave B (white-yellow arrow).

I am not a financial advisor so non of this is a financial advise. Be well, wish you all happy alt-season.
XRPUSDT
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.