Looking at the whole crypto market, it looks like we still haven't reached the bottom yet. Looking at XRP/USDT, the price may have finished 5 waves up (intermediate cycle), thus a correction is now expected. Also, zooming in at wave 5, we can spot a rising wedge formation which makes the possibility of a correction more valid.
If the price manages to go down, our first target will be the previous wave 4 at 0.3550. Breaking below this zone will push the price for more downside possibly towards retesting the beginning of the yellow trendline at around 0.3153. Goodluck!
M.Y.
If the price manages to go down, our first target will be the previous wave 4 at 0.3550. Breaking below this zone will push the price for more downside possibly towards retesting the beginning of the yellow trendline at around 0.3153. Goodluck!
M.Y.