Ripple (XRP) Analysis 5/09 XRP-USD
Ripple (XRP / USD) tested the pullback low on the channel line (wave A), creating a double consolidation bottom. The correction may already have been completed at the location.
However, nothing is confirmed yet. It is quite possible, and not uncommon, for the area around $ 0.70 to be redirected once to finish wave C exemplary. In addition to the Fibonacci price targets there is also technical support.
The worst-case scenario for XRP is still a setback in the range of $ 0.57
This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!
Cheers Jessy
I have a invest with this coin, I think it will be UP on next weeks.
I prefer also the upside. Wish you much success with XRP. Thanks for your comment. Kind Regards!