Patterns are pretty similar. Could be something to keep an eye on. Not trading advice.
An excellent set of candles forming on the .618 short term fib level in an oversold environment (according to the RSI.) A possible golden cross in the making as the 50MA (Green) is preparing to cross up through the 200MA (Red). Could be a critical time for XRP.
This is a visual to piggy back off my recent "XRP Trend Based Analysis" update. Notice how similar the beginning of this possible Elliot wave is to the most recent wave. The ABC correction is textbook. Everything seems to be in line for another Bull Run for XRP, and likely, the majority of Cryptocurrency market.
The company ripple has come out with plenty of tangible positive news in the recent months. I feel the distaste towards it's XRP asset is far out weighed by the positivity in regards to the actual progress the company is making. The company is noticeably focused on the health of the XRP ecosystem. After the recent hysteria within the Cryptocurrency world, XRP has...