XRP is currently following the first leg of our predicted path (see linked idea)... This is an area where I might normally look for an entry. There appears to be bullish diversion and seller exhaustion, *however* there is still a lot of negative pressure (likely due to the broader selloff in the market). For now, I'm adjusting my expectations to be more bearish in the short-term. We may see a slight bounce here, but I believe the negative pressure will keep us from breaking the next resistance line until, perhaps, we revisit the major support line.
----------------------------------------------------------------
These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following. Thanks!
----------------------------------------------------------------
These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following. Thanks!
