XRP / Bounced off the mirror level
An ascending trend has emerged, confirmed by the upward movement above the bos level.
At the bottom, there is a mirror level on the daily 1D timeframe, next to which there is a local 0.55 Fibonacci level, creating conditions for further upward price movement to liquidate liquidity beyond the previous high (ph) / Fibonacci 1.382.
At the moment, I expect liquidity to be withdrawn beyond the Fibonacci 0.382 level and a reversal towards the target.
According to Elliott waves, the completion of the 5th wave - Fibonacci 1.618 coincides with the planned target.
At the bottom, there is a mirror level on the daily 1D timeframe, next to which there is a local 0.55 Fibonacci level, creating conditions for further upward price movement to liquidate liquidity beyond the previous high (ph) / Fibonacci 1.382.
At the moment, I expect liquidity to be withdrawn beyond the Fibonacci 0.382 level and a reversal towards the target.
According to Elliott waves, the completion of the 5th wave - Fibonacci 1.618 coincides with the planned target.
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