XRPUSD - Short Term Bearish Outcome - Road Map

Updated

As it stands XRP is looking weak against the market - Bears are doing an excellent job of defending (Short stops are listed on the chart). My position is neutral due to the larger picture being bullish how ever there is a real possibility of further decline. As its stands I believe Xrpusd has finished its final wave of the initial impulse wave with the bottom yet to be confirmed. The 50% retracement target has been listed.

A break of the first liquidity would invalidate this chart - Confirmation of the Bulls regaining control.

Please don't use this chart for leveraged trading just buy the asset.

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The Bears will be looking to defending the blue box which I believe will be at their own peril. The wave looks already over extended. Let see what the bulls can do.

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Where have we seen this pattern before?

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UnknownUnicorn2379716

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