Wave is forming on the XRPUSD
As we can see, the wave already has three steps. So, I would say that the price would complete the 5 step wave and go up.
The MACD is still in a downward direction, which means the next wave step could be a downward movement. The two lines twist together, and the downward trend becomes milder and milder. This could indicate that the downward trend could end soon.
The RSI does not indicate too much information, however, we can tell that the recent downward trend could be a signal for the next step.
Let’s expect the next step of the wave.
The MACD is still in a downward direction, which means the next wave step could be a downward movement. The two lines twist together, and the downward trend becomes milder and milder. This could indicate that the downward trend could end soon.
The RSI does not indicate too much information, however, we can tell that the recent downward trend could be a signal for the next step.
Let’s expect the next step of the wave.
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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.