You are viewing a single comment's thread from:
RE: Ripple (XRP) May Make A Further Dip Towards $1.00 Before Hitting Our Targets
Wave C now complete and I'm expecting a pullback to $1.60-$1.70 zone to retest the neckline resistance. Also, as we've broke out from a longterm uptrend, price may retest that rising trendline as resistance. From there we may see a push down closer to or even dip under $1.00 before the next higher timeframe impulse leg.
We had our dip below $1.00 and price is currently back retesting the neckline as we expected. With support at the $1.50 level and the 4-Hour 50ema adding resistance, price is being compressed into a wedge - therefore a breakout is imminent.