We see bullish pressure in the XRPBTC pair. Chart data shows we could be looking at a corrective wave-B to revisit or at least kiss the max fibo. This would make sense, as the XRPUSD chart is showing that we may be gearing up for a structural wave 5 that might take Ripple to new all-time highs against the USD. The reason the latter is possible, despite the impairments (falling below wave 1 support) within this XRPBTC pair, is that BTCUSD is set for a structural wave 5.
Note
Look how stable we are here:Note
Keeping above the sub-key fibo level here....hmmmm
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.