The last time we analysed XRP, we were waiting for a bounce off the 0.77 level to take us back to the channel resistance. Price reacted perfectly to our 0.77 structure level and blew past the channel resistance for a total raw gain of 75%!
We may be seeing a deeper correction now before we have another move up. We have 2 clear areas where we are looking to get another entry for XRP.
First area: 0.95 level
+ Structure
+ 50% fibonacci
+ Retest of broken channel
+ Ascending Trendline
Second area: 1 to 1.05
+ Structure
+ 38.2% fibonacci
+ Ascending Trendline
Targets: Back to all time highs!
Watching how price moves back to one of these 2 areas.
We may be seeing a deeper correction now before we have another move up. We have 2 clear areas where we are looking to get another entry for XRP.
First area: 0.95 level
+ Structure
+ 50% fibonacci
+ Retest of broken channel
+ Ascending Trendline
Second area: 1 to 1.05
+ Structure
+ 38.2% fibonacci
+ Ascending Trendline
Targets: Back to all time highs!
Watching how price moves back to one of these 2 areas.
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💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.