XRP / TetherUS
Long

XRP Ripple Is Showing That Correction In Crypto Is Over

1 021
Hello, Skyrexians!

Let's continue to look at the different confirmations of the incoming growth on crypto. XRPUSDT is one the largest altsoins was in correction for 4 month. This was a global wave 4, now we have the confirmation that Ripple coin will reach new ATH.

Let's take a look at the daily time frame. Previous huge impulse consists of 5 waves. It was a global wave 3, now we are in the ABC shaped wave 4. The anticipated wave C has been finished inside the 0.61 Fibonacci Retracement. Also we can see the bullish divergence and increasing momentum at the Awesome Oscillator. Moreover, we can see the green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio], which is the great potential growth confirmation. The target for the next wave is approximately at $3.8, but can be recalculated further.

Best regards,
Skyrexio Team

___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!

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.