XRP/USD ABC correction (UPDATE)
What's up guys, last night I showed how XRP was following a standard Elliot Wave 5-wave, ABC correction pattern. This pattern was validated this morning as XRP has put in a lower low on the 4hr chart.
As you can see from the chart above, the trend is clearly reversing. 1.4 has been a strong support thus far. Right now as I publish this we are sitting right under it. If we close a 4hr candle below 1.4 I think we see a push down to 1.20 next.
Stay tuned for updates!
As you can see from the chart above, the trend is clearly reversing. 1.4 has been a strong support thus far. Right now as I publish this we are sitting right under it. If we close a 4hr candle below 1.4 I think we see a push down to 1.20 next.
Stay tuned for updates!
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