Here's another detailed of Ripple - XRP, but first, make sure to check out my previous analysis in Related Ideas section. We nailed the target by only 0.01$ difference which is impressive!
I believe we have started our journey of Intermediate wave 5 where the next long term target could be around 0.97 - 1.00 $.
From swing and day trader perspective; I am anticipating a correction stage for next 24-48 hours. There's a strong support around 0.69157$ region. This is a critical zone, if this support breaks, we will enter wave 1 territory zone which means the count has failed.
However, there is more chance that we keep up from this region, where it seems to be 0.618 fib level and also as I mentioned, there's a strong support. In this case, we can expect wave 5 to reach higher highs.
- First Scenario :
Target = 0.74 - 0.75 $
- Second Scenario :
Target = 0.79 - 0.80 $
Make sure to check out my Script which you can have the 8, 13, 21 and 55 Exponential Moving Averages on one indicator for free
author : R.N behind_crypto