XRP looks very healthy from the technical point-of-view with a nice 0.68 Fib retrace. We are ready for wave 3 which possible can extend to 1.68 fib level. Though, this all depends on the upcoming news regarding Ripple & SEC case. If it's good news, this scenario has a high probability of working out.
If you missed yesterdays analysis on $DASHUST where we expected this uptrend, there's still time to get on GRADUALLY !
If this triangle breaks out upwards, we can expect to meet drawn targets. chances of breaking downwards are somewhat equal. so be cautious
Possible scenario for XRP. Previous analysis played out perfectly as expected:
Verge looks promising. Still, make sure to have appropriate Stop-Loss in place.
Dash ($DASH) is one of those coins who has been left behind, therefore, has very solid RR with high potential gains. Nonetheless, Stop-Loss should be placed appropriately to minimise risk.
Possible consolidation scenario with good RR ratio.
possible scenario. may worth the 20% SL. (not an advice)
Elliot wave 3 for XRP. possible extension to 1.68 ratio
This is my setup for XRP. however it could fail the elliott waves, therefore be careful with your stop loss.