XRP/USD [8H]
XRP also dropped quite a lot, and our Elliot wave has been adjusted accordingly to a deeper correction wave 4. A broader ABCDE correction is quite obvious at this point, and again all of this is no reason for panic. We are finishing the ABCDE correction pattern, price at this point can already finish and go up from here, however to be realistic it can go as low as 2.33 as well, a beautiful discounted price indeed. Hence why I spoke about the need for buy confirmation zones! It’s always better to enter when you have a more clear confirmation, will you lose on some gains? Yeah sure, however the chance of getting faked-out is significantly reduced at this point.
Our target for this season remains around 4.30-4.60 for XRP!
We will monitor and continue our work.
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