Ripple (XRP) Update: Uptrend Continues

in #cryptocurrency8 years ago (edited)

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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.

Screen Shot 2018-04-11 at 4.09.28 PM.jpg

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.

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Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research and invest responsibly.

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Im like redd foxx I love the ripple. and soon I can get in Walmart