Where will XRP find its bottom? I wish I could tell you. XRP has been on a steady skid for the past few days. However, from what I can tell XRP may be working its way into a falling wedge. The blue box is where I XRP will get my attention, there is a heavy resistance in that range, and lines up nicely with the descending wedge pattern. As I have mentioned in...
XRP continues its bearish down trend, however looks to be may moving in the pattern of a descending wedge (lower peaks on upper resistance, lower support on bottom of wedge, descending volume). Between .168-.162 XRP has a good amount of support, and also will be meeting up with a major upward trend. Look for reversal signals, before entering long, if you decide to...
Learning about 5 leg triangle wave theory. Looking forward to seeing how it plays out. With mostly negativity from the crypto community, we will see how it holds up, good news coming soon and may play a big role. I cant make up my mind.
The course is currently in a slight upward trend. It moves towards 0.236 Fibo and the often confirmed resistance at 0.208. It will show whether the course is strong enough to confirm the upward trend. If it is a sideways trade the next target is 0.167
I posted my long idea for XRP yesterday however I believe it needs to go down one last time before it starts its trend as an ascending triangle. If you analyze previous XRP moves it always touches the bottom one last time before break.