XRP has denied the elliott wave, and has entered directly into an ABC retracement. I've used fib to map out the significant support and resistance bands, however, with the intense negative pressure, that support will turn into resistance soon enough. If it follows a standard ABC retracement, it's going to have a small bump as buy orders are filled, then a dump as it falls to its strongest support. If you're already in, take profit at 2.49. If you're not, wait till the 1.50$ mark to buy back in. This is, of course, my opinion, and not advice. My advice is to stay out for now.
Kommentera:
Looks like I was dead on with my prediction last week. XRP finding support at 1.8. I expect it to bounce a bit, but I still say put your buy orders between 1.50$-1.75$ to buy back in.