XRP is looking promising to break back to the upside. This could potentially become an ABCDE correction If the day continues its bearish start. I don't foresee price falling below demand zone of $1.91 even if this trend is broken. I'm curious to see how this plays out. This is NOT financial advice, strictly my opinion on the direction in which XPR is headed. Feel free to leave feedback as this is my first publicized chart.
Long term trend is still highly bullish even considering the short term bearish movement.
Long term trend is still highly bullish even considering the short term bearish movement.
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Price is moving as expected. It retested the 2.05 area and rejected beautifully. I'm expecting one more retest of the 2.01 zone before we start to see our first wave up.
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With current momentum down and break in analysis I have my eyes set on the next two levels before we see anything going North. $1.62 and $1.40 are next critical levels.