XRP Short Retracement and Potential 22K Target
Updated
Looking at the fibonacci retracement and past patterns, XRP is on track for a retracement down to about 15000 and then back up to around 22K as the next sell target.
Note
Instead of hitting the 0.236 retracement it hit the 0.382, early bounce but there will be a later opportunity to buy low.Note
I made a mistake of early judgement, XRP just hit the 0.236, buy up now and wait for the rocket to launch!Note
XRP, as you can see, broke downwards through the support. This is normal and it has formed a bull flag. I expect it to break this flag and return to its upward trend of higher than before expected, upwards to about 38,000 sats.I'm going to partially profit at 38K sats and then hodl the rest for later in Q1 when Coinbase adds more cryptos for a chance at increased profit.
Expect the hit of 38,000 sats by the first week in January.
Note
XRP ended up making a combo move following my fibonacci retracement pattern halfway and then following a head and shoulders pattern downward. This has shown in past history with XRP and it will start to rise soon.If you are able to buy more XRP now would be the time to do so before the rise within the next few days.
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