Ripple - XRP Detailed Analysis - Long Term and Short Term | 4/20
Let's have a detailed short & long term analysis on Ripple!
Make sure to check out the previous analysis from Related Ideas section and please let me know your thoughts in the comments!
Target :
0.77 - 0.79 $
0.74 - 0.75 $
~~~~~~~~~
Make sure to check out my EMA Script which you can have the 8, 13, 21 and 55 Exponential Moving Averages on one indicator for free:
author : R.N behind_crypto
Make sure to check out the previous analysis from Related Ideas section and please let me know your thoughts in the comments!
- Here's is a bigger picture of XRP from a long term perspective:
Because wave 2 only retraced to low Fibonacci levels (0.382), it is expected that next correction wave, wave 4, will retrace to higher levels (0.618 and 0.786).
Therefore, we can anticipate a correction to 0.72 - 0.78 $ is necessary after we manage to reach 1$ region. - Short term perspective:
So far wave (I I I) has extended x2 of wave 1, I believe that's how far wave 3 could reach, as there's a strong support. Again, we can see wave II only retraced to 0.382 level. So it's sensible for wave IV to retrace to at least 0.618 Fibonacci level which seems to be where wave I also ended(support).
Target :
0.77 - 0.79 $
0.74 - 0.75 $
~~~~~~~~~
Make sure to check out my EMA Script which you can have the 8, 13, 21 and 55 Exponential Moving Averages on one indicator for free:
author : R.N behind_crypto
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