XRPLong
Ripple (XRPUSD): Important Structure Suggests More Upside
XRPUSD has already touched a new high, and we can now count five waves up from 38 cents. This is an important wave structure because it confirms the direction of the bull trend, indicating that more gains should follow. However, after every five-wave move, the market can enter a three-wave correction. Therefore, there may be some interesting support levels to be retested before the market can move even higher. The support for the next ABC drop can be around 48 cents up to 51 cents, which was also the support of the previous fourth wave.
Grega
Grega
👉wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
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.