Hi everyone,
Back in the day XRP corrected by 65% and then made a V-shape reversal recovering and making newer highs.
For the ones longer in this business we saw this already many more times.
Could we see something similar happening?
When taking the fractal we see a nice match, it's is probably that XRP could make a new V-shape or any of the reversal patterns.
Price did touch the weekly support and these were resistances for many years - we are holding these key areas and we expected this to happen in previous analyses.
It's wait and see how the pattern evolves.
Kind regards,
Noel
Back in the day XRP corrected by 65% and then made a V-shape reversal recovering and making newer highs.
For the ones longer in this business we saw this already many more times.
Could we see something similar happening?
When taking the fractal we see a nice match, it's is probably that XRP could make a new V-shape or any of the reversal patterns.
Price did touch the weekly support and these were resistances for many years - we are holding these key areas and we expected this to happen in previous analyses.
It's wait and see how the pattern evolves.
Kind regards,
Noel
