XRPUSD Impulse wave to reach 1.2500

2024年10月3日

XRPUSD / Ripple is having a strong bearish candle on the 1week timeframe, erasing the gains so far of the previous 3 weeks.

Even though that is shaking out many traders off the market, this doesn't affect the long term bullish outlook.

The reason is that XRP is repeating a pattern that seems like an Inverse Head and Shoulders of 2022-23.

You can see that when it finally crossed above Resistance one, it rallied strongly to the 1.786 Fibonacci extension.

Buy and target 1.2500


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