Hello Steemians and my followers,
Cryptocurrency market is still in correction mode and after sharp drop on Sunday I see structural changes in XRP chart as well, so as promised making an update for it!
Currently it's maving in a descending channel and making a small correction after deep plung, so any time soon I expect continuation downwards to make new historic low (purple line) and possibly complete WXY correction on bigger degree labeling!
If XRP won't show strong momentum upside after breaking historic low, expect further plunge in this descending channel (both scenarios I showed in the chart).
Bigger picture view:
IF YOU LIKE MY WORK, PLEASE UPVOTE AND RESTEEM THIS POST. THANK YOU!
Note: This is not a financial advise or trade call, it's only my personal opinion and arrows in the charts shows just an indication of direction, not the specific points or targets!
