...::: THIS IS A WEEKLY CHART !!! :::...
XRP/USD is coming to the end of it's bearish run on the daily, but still within the triangle on the weekly chart.
Price action is nearing completion of the Level 2 move (2-1, 2-2, 2-3), which will then start the Peak Formation Low (PFL) move which is a Level 3. No doubt, going by past market structure, manipulation will...
Here is an update to my previous analysis.
XRP has been progressing through the consolidation zone and has finally dropped below the previous Daily chart level 1 marker, thus making this retracement significantly deep, as it has currently retraced almost 80% of the initial Level 3 move. In the last 24 hours, price has bounced off major support zone (flip zone)...