XRP is coming off an ABC correction. The first leg of the next wave looks to be forming. Wave number 3 should be coming soon!
Note
What I thought to be the first wave wasn't strong enough and the second wave dropped lower than expected. I still believe a breakout is coming soon but a quick drop may come first. If you look on my chart above you will see the 38.20% and a white support/resistance line above it. If the drop comes before the breakout then XRP should drop and retest in between those lines. Just watch out for a drop to secure a safer and more profitable entry. If you already entered you can pull out and wait for a safer entry or just hold and wait for the official breakout which I still believe is coming soon. This is all just my opinion. Always do your own TA. GOOD LUCK TO ALL!
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