XRP is approaching a key level where we may see the biggest wave (wave 3). We are currently in an ABC correction with the C wave possibly finishing at the double bottom region at 0.5.
- Watch for bounce at the end of C wave at the double bottom area (0.5)
- When bullish price action appears, enter with stops below the recent lows
- Target $1.90 as...
In our last XRP analysis we mentioned that we had 2 reversal areas - one of which was the double bottom.
Price bounced off that structure level perfectly, completing the ABC correction which means... time for the next impulse!
- Enter with stops below the 61.8 fibonacci
- Target the highs as first TP, -0.27 as second TP and HODL the rest.
XRP is currently within a massive ABC bull flag. We can see that we can from an impulse and we are creating a big correction and approaching 2 areas of significant interest.
- Double bottom (structure)
- 61.8 fibonacci
- Parallel channel support
Both of these areas are key areas to look for reversal and a bounce off.
With this last correction we were finally able to confirm the 1 year accumulation symmetrical triangle. The longer the accumulation phase, the higher targets. The bottom is probably in at 0.89 $ and we are expecting a pump equivalent to the pump which determined the higher bound of the triangle (460%). Obviously this will play out in a matter of months. The taking...
ok xrp i will wait u at 0.3 price.i dont like hold u xrp. hahahahaha. Xrp is good follow snr. for me if buy still good at this price bcoz low than 1.0 if going down also love it bcoz low than 0.5. if going up 1.0 already make profit. hahahaha. like SHIBA. hahahaha. ######cut60%andHold40%#######
Technical Analysis Summary
We have 2 Downtrend in red color
The wider the trend the stronger the trend (I use thickness)
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Be careful trends need to be modified when broken to...
XRP finished its impulsive leg and now is in its corrective ABC phase.
We can see that price reacted to the 61.8 fibonacci and then broke the ascending trendline indicating that price is rolling over to the downside to complete the C wave.
We have 2 areas where the corrective wave can end.
First area is the -0.27 but the second area seems more likely.
XRP has been a difficult one to understand as of late due to the manipulative spikes you can see on the chart.
Price seems to have finished its first impulsive phase and created an ABC correction back to the 61.8 fibonacci where we had a nice rejection.
We are now looking for buying opportunities to atleast the -0.27 fibonacci. Looking for clear corrections to...
this is my analysis for XRP. XRP now need to find new high and already reject SUPPORT( white line). lets check reaction at RESISTANT( white line). IF BREAK will going to next RESISTANT (red line). for me XRP still uptrend, price drop just clear the line before price going up.