XRPUSD is correcting violently today after Powell's remarks on just 2 rate cuts in 2025 against the previous expectation of 4.
This is however still a correction within the technical limits of the huge rally that XRP had since the U.S. elections.
Don't let this distract you from the longer picture. This Bull Cycle is still identical to 2017.
Symmetrically, we are just on the 0.382 Fibonacci Resistance, which is where XRP corrected in April 2017 and then once the pullback finished, rebounded to the next Resistance, the 0.618 Fib.
Buy and target $7.00 (the 0.618 Fib).
Previous chart:
Follow us, like the idea and leave a comment below!!
This is however still a correction within the technical limits of the huge rally that XRP had since the U.S. elections.
Don't let this distract you from the longer picture. This Bull Cycle is still identical to 2017.
Symmetrically, we are just on the 0.382 Fibonacci Resistance, which is where XRP corrected in April 2017 and then once the pullback finished, rebounded to the next Resistance, the 0.618 Fib.
Buy and target $7.00 (the 0.618 Fib).
Previous chart:
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.