🚨Critical $XRP
Update🚨
We’re at a pivotal moment for XRP, as the .618 retrace did not hold, bringing us back down to the trendline (.786 retrace). This trendline is the final support I previously mentioned as critical to keeping the ABCDE structure valid.
Here’s where things stand:
✔️XRP is currently finding support at the trendline, and no new low has been made. This means we can still count this as wave 2/D in the ABCDE structure.
✔️The $2.60 target for wave D remains intact, but it’s absolutely essential that XRP holds at this level for the plan to stay valid.
✔️We can see a new bull DIV starting to take shape on the RSI, which is our signal to look for in the next move up.
✍️Holding this support is absolutely critical to maintaining the ABCDE pattern, and we are getting signs that this low will hold as the bottom!
