Looks like an accumulation is underway. Price could jump to $.20. No set rebuy price target on the retrace but it could dip below $.18 or only insignificantly. XRPUSD has been under a lot of perceived sell pressure. That pressure could in fact be heavy whale accumulation. If you think so, then don’t expect much retrace.
Note
On 15 min timeframe, looks like XRPUSD had finished an accumulation at pink vertical line on 2 July, and just now finished a wave 2 as part of the red descending channel. Wave 3 will break through that channel.Note
Update
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Disclaimer
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.