XRP finished the Elliot Correction Wave and continued the bullish trend. I can expect a move to the 0.3300-0.3400 range in the next 2-4 days but we have to broke the 200MA. Because in the last weeks the strongest resisist was this MA. It’s pulled back the price eight times. Also, there is a Diamond Pattern with 0,298 -0,299 resist. If we can't break it, then the price could fallback to 0.27-0.26 range. There is also an Ripple event in Singapure at November 7-8 which can boost the price, but don't expect too large spike. You can see my wave model on this chart, and find every informations you need.:
We shouldn't forget about Bitcoin. Altcoins usually following BTC, but sometimes When Bitcoin is bullish, people dump their altcoins in order to sell into Bitcoin/fiat.
On the BTC 1D chart you can see Death Cross. I'm not that guy who 'Speak of the devil' or shout in the wind 'Crypto winter is coming!". But the death cross has psychological pressure on the traders and they will be more cautious and less active.
But If we see the bigger picture, the Bitcoin smashed the downtrend channel and it’s possibly the first step to go bullish in medium term.
so I'm expecting something like this to come in the next days or weeks.:
If the BTC broke the 8400-8600 support then it’s falling back to a minimum $7600-7800.
Let’s speak a little about XRP/BTC. XRP/BTC is heavily oversold right now, so I’m expecting a correction to 0.00003460, and I think the Elliot Correction Wave is complete, and the xrp will continue the bullish trend against BTC.
Assuming all the information, I expect XRP bullish trend 80% or 20% to be bearish after a little sideway. I also expect a little bullish run on November 7-8 because of Ripple Swell. This XRP price is not a bad entry point for long or medium-term invest, but in the short term, You should wait for the bitcoin to move.
Hope you found this analysis helpful. :) Peace and Love!
I'm also in Coil.: coil.com/p/SaintGoDR...Oct-3-Nov-/uCP16QRFq
We shouldn't forget about Bitcoin. Altcoins usually following BTC, but sometimes When Bitcoin is bullish, people dump their altcoins in order to sell into Bitcoin/fiat.
On the BTC 1D chart you can see Death Cross. I'm not that guy who 'Speak of the devil' or shout in the wind 'Crypto winter is coming!". But the death cross has psychological pressure on the traders and they will be more cautious and less active.
But If we see the bigger picture, the Bitcoin smashed the downtrend channel and it’s possibly the first step to go bullish in medium term.
so I'm expecting something like this to come in the next days or weeks.:
If the BTC broke the 8400-8600 support then it’s falling back to a minimum $7600-7800.
Let’s speak a little about XRP/BTC. XRP/BTC is heavily oversold right now, so I’m expecting a correction to 0.00003460, and I think the Elliot Correction Wave is complete, and the xrp will continue the bullish trend against BTC.
Assuming all the information, I expect XRP bullish trend 80% or 20% to be bearish after a little sideway. I also expect a little bullish run on November 7-8 because of Ripple Swell. This XRP price is not a bad entry point for long or medium-term invest, but in the short term, You should wait for the bitcoin to move.
Hope you found this analysis helpful. :) Peace and Love!
I'm also in Coil.: coil.com/p/SaintGoDR...Oct-3-Nov-/uCP16QRFq