Bearish action will hold support here.Anyone getting worried about Xrp currently has really not much to worry about. Support will hold around 0.538 and we're not going much lower before coming directly back up!
That's all.
Xrpwaves
A possible perspective of where we're atI know that no one wants to see a longer timeframe with Xrp.. but if we're going longer than expected, this is my long term (what I'm seeing) chart that could most definitely play out.
I was painstakingly looking at each section if this is a repeat of what we've already seen before the prior bullrun and this is what I've come up with.
Agree or not agree.. it's simply a different perspective for a longer timeframe.
If you think otherwise please leave a comment on what you think! Regards!
XRP - Daily chart setupHi everyone,
After a bunch of GME analyses time for something else, I will keep an eye on GME and post when something new appears.
XRP is my major holding but I will provide an as fair as possible and unbiased analysis for this coin.
I didn't like the pump telegram group action around it however after the pump and the expected dump we can see the following:
Support zones: after the dump the price touched the previous very important support zones and price held this very nicely.
The 30 cent zone are has always been a very difficult resistance zone & acted as a support zone in the last weeks.
Resistance zone: the 40 ish & 60 cent zones are acting currently as resistances but price is looking to break it. The Elliot wave is supporting this idea but we have to see how it plays out.
Normally Elliot wave are confirmed when Wave 3 has played out, Wave 4 & 5 are thus followed soon after but:
- XRP is very volatile
- SEC news is still luring around
The next days will be crucial and maybe we see a weekly candle close around 40 cents to confirm further bullish movement.
KRAKEN:XRPUSD
