Long

xrp possible final wave

Updated

XRP approaching resistance of 8500 satoshis. If it breaks final Elliott wave is possible.
A lot of good news appeared for XRP lately.

Target 11k satoshi.

Trade closed: target reached

Target reached at 11k. the next is 13k.

Trade closed: target reached

The second target reached. I closed the trade at 13k. It seems overbought now.
RSI is over 80 on the daily chart.

Note

ripple (xrp) reached extreme hights because of the positive news. I think that it is overbought and retrace to 125k is possible.

Trade closed: target reached

As I predicted ripple was really pumped too much, and retrace happened. One more correction wave is possible. I think that the next period will be period of consolidation.

zorjak

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