Hi. Wanted to make quick update of what could be next on xrp/usd pair.
From technical point of view, monthly supply needs to be tested before a real reversal can occur.
BE CAUTIOUS OF POSSIBLE SPIKES TO $0.28-$0.285 before eventually going to the targets. (Not saying it will happen, but it is possible)
Target is monthly supply at $0.259 with possible moves towards $0.253 & $0.256. Invalidation of the pattern is only if we breach $0.25 and close below!
If pattern is correct and we do not breach 0.25, target is $0.39-$0.41.
Alright, that's a quick update of what I see right now. Have a great day fellow traders!
This is not a financial advise.
From technical point of view, monthly supply needs to be tested before a real reversal can occur.
BE CAUTIOUS OF POSSIBLE SPIKES TO $0.28-$0.285 before eventually going to the targets. (Not saying it will happen, but it is possible)
Target is monthly supply at $0.259 with possible moves towards $0.253 & $0.256. Invalidation of the pattern is only if we breach $0.25 and close below!
If pattern is correct and we do not breach 0.25, target is $0.39-$0.41.
Alright, that's a quick update of what I see right now. Have a great day fellow traders!
This is not a financial advise.
