During my last update, I stated we needed to close above the wedge in order to maintain an uptrend. That's happened and XRP is now finishing up it's 3rd wave. I expect a minor pull back to complete wave 4, followed by a 5th wave as charted.
Looking at the RSI, we can see a clear ascending line of support. There's also strong resistance line around 75.06 RSI. I expect a bounce off this resistance to begin wave 4, which may target around $0.495. Wave 5 should theoretically target around $0.52. That said, if we don't get an increase in volume soon, or if Bitcoin drops, we can expect Ripple to break the RSI support line and possibly drop to $0.48.
I hope this has been helpful. If you enjoyed this article, please let me know by following me and clicking the up-vote tab below. If you didn’t enjoy this article, let me know how I can improve and earn your vote in the future.
If you don’t have an account on Binance, I STRONGLY recommend getting one. They’re usually the first to get reputable coins, have excellent security and second to none customer service. You can sign up here for free: https://www.binance.com/?ref=16878853
Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research and invest responsibly.
#crypto #life #steemit #steem #blog #news #bitcoin #cryptocurrency #investing #eos #finance #btc #ethereum #litecoin #ripple #stellar #nano #icon #cardano #xlm #xrp #eth #bch #vechain #ven #digibyte #dgb #binance #ripple #ltc