bullish

Coin

<ul class="wp-block-list news-points">
 <li>XRP declined to fulfill the fifth leg of a bearish Elliot Wave on the hourly chart.</li>
 <li>Yesterday’s decline pushed XRP into a potential buying area.</li>
 <li>XRP is building momentum after the court finalized the Ripple vs SEC case.</li>
</ul>
XRP dipped yesterday, briefly aligning with a prediction by Cheeky Crypto on YouTube, before reversing course and continuing its upward climb. The seventh-ranked crypto fell to $0.57900 before closing at $0.58693, based on TradingView <a href="https://www.tradingview.com/x/vLnJftqq/" target="_blank" rel="noopener noreferrer nofollow">data</a>.
The analyst <a href="https://www.youtube.com/watch?v=jaWi77RkBkw" target="_blank" rel="noopener noreferrer nofollow">forecasted the pullback</a> in a podcast, pointing to an Elliot Wave on the XRP one-hour chart that had yet to complete its fifth and final leg. XRP’s decline on Monday slightly exceeded the analyst’s short target. However, he noted the altcoin would enter a bullish phase by crossing above $0.59900, the bottom of the first leg of the five-phase Elliot Wave.
It is worth noting that XRP completed the reversed Head-and-Shoulders pattern last weekend before initiating the five-phase Elliot Wave pattern identified by the Cheeky Crypto analyst. The altcoin’s price rose to $0.63100 last Saturday, retesting the key resistance it formed in late July.
The $0.63100 region has emerged as a crucial a…
The post <a href="https://coinedition.com/xrp-dips-then-rebounds-bullish-breakout-on-the-horizon/" rel="noopener noreferrer nofollow">XRP Dips, Then Rebounds: Bullish Breakout on the Horizon?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Dips, Then Rebounds: Bullish Breakout on the Horizon?

Coin Edition

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