What a strong sell-off for XRP! Since last Friday, Ripple has dropped nearly 45%, yet it still hasn’t reached our magenta Target Zone between $1.69 and $1. While XRP saw a strong rebound after the sudden plunge, the magenta wave (4) should still head for a lower low within our Target Zone in the short term. Only after this price range has been reached do we anticipate the following magenta wave (5) to strive for new record highs above the resistance at $3.39.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
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.