XRPLong
XRP WEDGE must hold 0.36 or wave 2 may reach 0.32 to 0.22 zone
Update on my May 10 post that if 0.48 does not hold, 0.36 will be fast.
So far XRP has been in a descending wedge supported by my GANN FAN line.
XRP broke 3 very impt supports at 0.86, 0.60 & 0.48 after coming down from 0.915. If it does not hold the current 0.36 level, my max pain green zone at the 0.32 to 0.22 levels will be fast. This will be a great place
to average down to 0.22 because the bottom reversal from this zone will very quick.
Bottoming out will start the longest wave 3 which may reach as high as $3.8 to $4 for XRP if it follows what BTC did when it bottoms out at the 3k-4k levels & rallies to 69k fold the big wave 3 top.
Not trading advice
So far XRP has been in a descending wedge supported by my GANN FAN line.
XRP broke 3 very impt supports at 0.86, 0.60 & 0.48 after coming down from 0.915. If it does not hold the current 0.36 level, my max pain green zone at the 0.32 to 0.22 levels will be fast. This will be a great place
to average down to 0.22 because the bottom reversal from this zone will very quick.
Bottoming out will start the longest wave 3 which may reach as high as $3.8 to $4 for XRP if it follows what BTC did when it bottoms out at the 3k-4k levels & rallies to 69k fold the big wave 3 top.
Not trading advice
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.