Not seeing too many posts on XRP as frequently any longer. Either the SEC got to everyone or we are patiently waiting for the next move. As everything is oversold, BTC is making a small pull back before it's next run up. Yes XRP may consolidate here however as long as we stay within the lower triangle support XRP will come out of this exploding! XRP has been bouncing nicely off of the upper neckline and is hours away from making its final decision.
Taking into consideration Elliot Wave pattern ABCDE, my assumption was we are seeing a final bounce off point E near the .5 FIB. If we can stay above this, a breakout to the upside will occur eventually retracing from .236 FIB for a final confirmation bounce off the .382 FIB.
TP-.54
TP-.60
TP-.65
Just another view. Don't take my advice, follow yours! GL
Taking into consideration Elliot Wave pattern ABCDE, my assumption was we are seeing a final bounce off point E near the .5 FIB. If we can stay above this, a breakout to the upside will occur eventually retracing from .236 FIB for a final confirmation bounce off the .382 FIB.
TP-.54
TP-.60
TP-.65
Just another view. Don't take my advice, follow yours! GL
Trade closed: target reached:
TP-.54 Confirmed. Target Reached and Nice Steady Bounce off the .5 Fib. Onward to .60 we go!
P.s. Sorry about the Zoomed Chart. Trying to fix.
P.s. Sorry about the Zoomed Chart. Trying to fix.