Looking a the 4hr chart for XRP/BTC it looks like a double bottom put in its reversal and XRP ran off a bit. See the update below for screenshot of two possible options. I'll be waiting to see those play out over the next day or so. We ned to wait for the 4hr let us know which way we are moving at the moment.
Option 1 - XRP retraces to 382 retrace and bounces...
While I would like to stay that XRP it about to go on a massive bull run again, I just don't think that's going to happen yet.
I'm thinking we are going to see more downside on XRP and I've identified to downside targets potentially.
We shall see...
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Quick video as i look at my charts for the first time today on XRP/BTC. I cover what i'm seeing and expecting (hoping) is going to take place in the next day or so.
However... what do you think is going to happen in price action over the next couple of days?? Let me know.
Hope you like the video... give me a like and remember to follow me.
Before you call me out... around 2:00 minute mark, i call a bearish daily candle bullish; such a noob.
Anyway, so we are seeing price action play out as expected and mentioned in my previous XRP update linked below. I'll be watching the Weekly and Daily fib level to a potential break and continued downward pressure.
As of right now, my charts are telling me...
So this is my first video using Tradingview's new video feature, so do please be kind! HAHAH.
I really like the feature and think it will be much more helpful to some if they are able to hear someone speak to what they are looking at.
Overall, i remain very bullish on XRP and think we'll be seeing some great growth as soon as the market as a whole bottoms...
