XRPUSD hit its expected Targets, now what? Ripple Retrace watch

XRP has been leading the Altcoin Rally for a while.
N many Alts look ready for pullback, including XRP.
Plotted are two possible "ABC" correction pathways.

.299 - .301 is first support but be wary of a bull trap-ish bounce there.
.284 - .286 is most likely pullback zone that could lead to new highs.
.266 - .259 is the typical XRP retrace (Impulse Redux) and great entry.

Idea Scenario is wave A to .299, B to .308, C to .289 then resume uptrend.

PS: forgot to draw the "12345" climb but is pretty obvious visually.

評論:

So here we are, with the "Typical" XRP retrace and bounce

Now to see if it holds. Key task for bulls is to get past 28.5 cents, and flip that zone to support.

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