Potential opportunity for a XRP Short Sell. The 'D' on the ABCD Formation needs to be fulfilled first in order for any sell orders to be placed. -0.27 Fib Ratio correlates nicely with the 'D' also. Let's see what happens.
Potential ACBD Formation being formed on the 4H on XRPUSD Chart. 'D' correlates nicely with the -0.27 Fib Ratio. Sell Orders may be placed at this region.
A potential short opportunity to the -61.8% Fibonacci Extension level - price has rejected from the 38.2% 5 times on the H1 TF, indicating more downside momentum . should we this in play, a touch of the trendline could be tested with a potential long opportunity at at the ready. TP - 0.31970