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The Long Investor - $XRP
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$XRP has been moving with the two crypto leaders and has now pulled back to its 200 WMA and has been holding here for the last 3 weeks
$ETH is in Wave C of its Wave 2 pullback, and $BTC still has further to fall, so the leaders haven’t finished correcting yet. The key question is whether $XRP can hold $1.25 while that plays out.
If it can then you have a clear buy entry on this MA before a move higher with the sector I believe
Ultimately, when $XRP breaks above its 50 WMA higher at $1.46 and then its 0.618 Fib at $1.58 then we can confirm that the pull back is complete and $XRP is moving in Wave 3 next, with a target at $6.40The crypto sector is looking very attractive now and managing your average here around the 200 WMA is a sensible approach.
$XRP has been moving with the two crypto leaders and has now pulled back to its 200 WMA and has been holding here for the last 3 weeks
$ETH is in Wave C of its Wave 2 pullback, and $BTC still has further to fall, so the leaders haven’t finished correcting yet. The key question is whether $XRP can hold $1.25 while that plays out.
If it can then you have a clear buy entry on this MA before a move higher with the sector I believe
Ultimately, when $XRP breaks above its 50 WMA higher at $1.46 and then its 0.618 Fib at $1.58 then we can confirm that the pull back is complete and $XRP is moving in Wave 3 next, with a target at $6.40The crypto sector is looking very attractive now and managing your average here around the 200 WMA is a sensible approach.
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