Quick Update on $XRP :
- #XRP has fulfilled its need for another pump as announced just yesterday.
- It has reached the target area for Wave-3 which was needed to get on the path in the bullish scenario.
- The bearish scenario has lost a lot of probability through this. BUT: We are in #crypto so some guidelines are not too reliable. This means, that we still could be in the bearish scenario, it's just much more unlikely.
- Volume could be higher and favors the bearish scenario on this level as technicals favor the bullish one.
- The line at $1,61 could be potential resistance in the bearish scenario where we stop and dive down.
- The line at $1,97 is the definitive invalidation of the bearish scenario.
- In the bullish scenario, we want to see a correction starting after some upside. It should be slower and less impulsive than the move up. If we see this type of correction, it could be another perfect buying opportunity if you missed out on this move.
- Invalidation of the bullish scenario below $0,38.