XRPUSDT - Time to be bearish!!Did you know that the XRP chart has turned bearish and is looking pretty grim?
A lot of indicators are pointing in that direction right now.
It recently formed a triangle pattern, broke out, rallied, and hit a new ATH — which coincided with the fifth and final wave of the Elliott Wave impulse.
Now it has shifted into an ABC corrective structure, and wave B seems to have completed, setting the stage for the main corrective move with wave C, which is expected to deliver around a 30% pullback from this point.
Another red flag for me is that XRP barely managed to break into a new ATH, only to quickly reverse and is now retesting the previous ATH, which lines up with the 1.00 Fibonacci level. Based on this, I strongly expect a major correction in XRP from here.
Sure, a lot of die-hard XRP believers won’t like this take — but let them ride it down. You can always buy back cheaper, my friend.
take a look to this post
As I told you earlier in a previous post, I recommended buying it at that time(3 months ago), which was the perfect entry. It has now risen by 50%, so I’m telling you to sell if you still hold it.
Best regards:
Ceciliones🎯
