Did you know that the XRP chart has turned bearish and is looking pretty grim?
A lot of indicators are pointing in that direction right now.
It recently formed a triangle pattern, broke out, rallied, and hit a new ATH — which coincided with the fifth and final wave of the Elliott Wave impulse.
Now it has shifted into an ABC corrective structure, and wave B seems to have completed, setting the stage for the main corrective move with wave C, which is expected to deliver around a 30% pullback from this point.
Another red flag for me is that XRP barely managed to break into a new ATH, only to quickly reverse and is now retesting the previous ATH, which lines up with the 1.00 Fibonacci level. Based on this, I strongly expect a major correction in XRP from here.
Sure, a lot of die-hard XRP believers won’t like this take — but let them ride it down. You can always buy back cheaper, my friend.
take a look to this post
As I told you earlier in a previous post, I recommended buying it at that time(3 months ago), which was the perfect entry. It has now risen by 50%, so I’m telling you to sell if you still hold it.
Best regards:
Ceciliones🎯
A lot of indicators are pointing in that direction right now.
It recently formed a triangle pattern, broke out, rallied, and hit a new ATH — which coincided with the fifth and final wave of the Elliott Wave impulse.
Now it has shifted into an ABC corrective structure, and wave B seems to have completed, setting the stage for the main corrective move with wave C, which is expected to deliver around a 30% pullback from this point.
Another red flag for me is that XRP barely managed to break into a new ATH, only to quickly reverse and is now retesting the previous ATH, which lines up with the 1.00 Fibonacci level. Based on this, I strongly expect a major correction in XRP from here.
Sure, a lot of die-hard XRP believers won’t like this take — but let them ride it down. You can always buy back cheaper, my friend.
take a look to this post
As I told you earlier in a previous post, I recommended buying it at that time(3 months ago), which was the perfect entry. It has now risen by 50%, so I’m telling you to sell if you still hold it.
Best regards:
Ceciliones🎯
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t.me/itradeoncrypto
we have VIP Channel and it provides unique, premium content you won’t get anywhere else all for an affordable subscription cost.🔥
contact me for details and proofs🎯
t.me/Cecilion1
t.me/itradeoncrypto
we have VIP Channel and it provides unique, premium content you won’t get anywhere else all for an affordable subscription cost.🔥
contact me for details and proofs🎯
t.me/Cecilion1
Related publications
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.
🔻 free telegram channel🔻
t.me/itradeoncrypto
we have VIP Channel and it provides unique, premium content you won’t get anywhere else all for an affordable subscription cost.🔥
contact me for details and proofs🎯
t.me/Cecilion1
t.me/itradeoncrypto
we have VIP Channel and it provides unique, premium content you won’t get anywhere else all for an affordable subscription cost.🔥
contact me for details and proofs🎯
t.me/Cecilion1
Related publications
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.