Today we have the huge warning for all XRPUSDT holders because this asset has finished the 12 year cycle and the major correction is incoming. We don't tell you that the top has been already reached in this cycle, it can set the slightly higher high, but potential is very low.
Let's take a look at the monthly time frame. We have seen 5 years of the triangle wave 4 which has been ended with the green dot on Bullish/Bearish Reversal Bar Indicator [Skyrexio]. After that we are now seeing the wave 5. This wave has reached $3.5 at the top. It was the target zone, that's why the next move is larger correction. Target for it is approximately $0.1 at 0.5 Fibonacci.
Best regards, Skyrexio Team
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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.