XRP
Short

XRPUSD - Elliot Wave Theory + Trend Analysis (SHORT)

By yeeyee2020
Updated
Alright, so XRP has been on a bull trend for a while now, and I think we're primed for a pretty big correction.

XRP appears to be pretty heavily overbought, and we'll see how this plays out.

PLEASE NOTE: All my charts show purely the TA side. Please apply your fundamental knowledge of the crypto market(s), and XRP in general to use the chart to make informed decisions for yourself.
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Also, I'm using 4 hour candles
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Holy shit we broke the resistance line for the uptrend LOL

This is insane.
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RSI at 90.

What in gods name?
analysisBearish PatternsElliott WaveTechnical IndicatorsshorttheorytrendTrend AnalysiswaveWave Analysisxrpusd

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