Crypto_RK

Is XRPUSD Correction Over?

Long
On May 28, I indicated that XRPUSD will make a lower low in Q3 2018 - the anticipated timing for completion of Subwave C. While I did state that a range of 0.38-0.4 is possible, most people denied. I may be a little late with this update, the lower low range was achieved - in fact, surpassed. The question - is the correction complete? I don't think so. As we know, all altcoins follow Papa BTC. If BTC goes down, everyone follows. As much as we'd like XRP to be independent of Papa BTC fluctuations, there is little that can be done at this moment. We can expect XRP to make a slight comeback, but I'd call it a smoke screen, simply because we have more blood to shed. XRP has massive support in the 0.20-0.25 range, and that's where I see the bottom, if 0.28 support is broken. We shall then make a re-run from the Nov 2017 prices. Don't be disappointed - I'd would start laddering in now. Timing: Q3 will remain Red; Q4 will bring hope.

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