As XRP has failed to move above the current channel lines- we are going to be making our slow way back down to 0.85$ hopefully representing a double bottom indicating the end of wave 2 before starting our next run. Our next run will see $4.56 if my math is right before a wave 4 pull back.
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My timeline was slightly too early but it seems we're beginning the descent.
@dogalkozmatik, we don't have any volume to command a solid trend right now. Any pressure (upwards or downwards) will make the price move significantly. Our price action will be green volume increase.
gusccbb
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Hi, it is a necessary condition further evidence throwback to $0.85 area to resume uptrend or can be taken as evidence thoroughly three times that bounced off $1.14 area?
Alqasim
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@gusccbb, the $1.14 is simply a local support at the moment. XRP is not seeing any real downwards pressure yet to crush 1.14 yet.