adrian_24K

EW analysis on XRPUSD

BITSTAMP:XRPUSD   XRP / U.S. Dollar
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with the rise of bitcoin we have seen a lot of cryptos losing their value, and I believe a lot of money is coming out alt coins and going into bitcoin , thus I remain bearish on XRP and most altcoins. EW showing we are on the fourth corrective wave which has not completed. If EW analysis is correct then we should see XRP go lower, possibly all the way to the .68 fib retracement. If lower trend line is broken then this could confirm, correct EW analysis was applied. if price breaks upper trend line then EW analysis is incorrect. long term I remain bullish on XRP.
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