A head and shoulders pattern is forming on the four hour. Still looking reasonably weak overall. Pretty likely that the pattern will confirm. Check MACD for possible entry point.
XRP looks very indecisive and indeed showing signs of a bearish market but really not enough to make a decision one way or the other. If you're on the sidelines, stay there until there is a clear break. If you are long/short watch it like a hawk and/or set your stop losses reasonably right.
XRP, like most cryptos, tend to rise and fall with BTC and whilst BTC is...
Total stab in the predictive dark here. Idea consists of an Elliott Wave reversal with a mirror head an shoulder pattern.... Purely because it would look neat.
Let's see...
-M
Looks like the ABC wave is now complete. Finding good support @ 1$. Could be a good entry point. Place a reasonably tight stop just below the $0.98 area.
Some simple Elliott Wave analysis. Take profit at $1.6 stop loss at $1 (maybe a tad higher if you are risk adverse). I'm long on this one. Bull market is in.
Bulls look to be fighting hard. Elliott Wave is about to complete ABC correction. TP at $1.60 with SL just above $1 (bit higher if you are particularly risk adverse).
