Not entirely clear where XRP is headed for the moment.
I have 2 options, one is the bull case, but we need to take out the 1.262 and 1.382 fibs to be sure that we have completed the entire correction.
The other more bearish option is that we are still correcting, as the volume does not seem to be indicative of a full reversal, and we need one final wave down to make a double bottom or a new low with divergencing MACD.
I would stay out until we have a clearer view.
*Disclaimer: Not financial advice, for educational purposes only.
I have 2 options, one is the bull case, but we need to take out the 1.262 and 1.382 fibs to be sure that we have completed the entire correction.
The other more bearish option is that we are still correcting, as the volume does not seem to be indicative of a full reversal, and we need one final wave down to make a double bottom or a new low with divergencing MACD.
I would stay out until we have a clearer view.
*Disclaimer: Not financial advice, for educational purposes only.