XRP SHORT TERM ANALYSIS
The chart speaks for itself.
Classic ABC correction with 5 waves within each wave occurring on the weekly. As stated before, I expect XRP to hit the .25 cent region before it regains any significant bullish momentum.
In addition, a strong dollar (DXY index) indicates bearish times for the cryptocurrency market, with Bitcoin going as low as $13,500, Ethereum going under $1000, and the alt coins following with severe bearish momentum.
I expect a new bull run in 2024-2025 and I am bullish LONG term.
Classic ABC correction with 5 waves within each wave occurring on the weekly. As stated before, I expect XRP to hit the .25 cent region before it regains any significant bullish momentum.
In addition, a strong dollar (DXY index) indicates bearish times for the cryptocurrency market, with Bitcoin going as low as $13,500, Ethereum going under $1000, and the alt coins following with severe bearish momentum.
I expect a new bull run in 2024-2025 and I am bullish LONG term.
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