XRP/USD [8H]
Small bullish continuation today, which we expect to continue.
After the monstrous liquidation event, it is clear that E has been completed.
Which means we are re-entering the bullish phase, and will continue to see momentum arrive in the coming days.
Manage your positions accordingly.
XRP/USD [12H]
It is safe to say that.... E has been formed...
A monstrous liquidation event after the saber rattling of Trump, especially on the XRP chart we quite literally been to hell and back.
I think everyone understands that for the overleveraged players a lot of game-over liquidations occurred, for those trading 1:1 without leverage had a shock but survived.
The only positive thing to say about this event is that from now on we will only continue upwards, we swept past so many past zones which would usually take months to linger in before seeing bullish sentiment.
E has been formed, and to wait for D to be punctured is still the wisest thing to do, however at this point the dip has already been made.
We are still eyeing $4!
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