XRP/BTC decent buy-in target.

in #cryptocurrency6 years ago

Ripple is going lower and lower, and as for now it's at the price of around 4400 satoshi.
It has not reached 88.6% mark yet and I think that it can go even lower than that.

In previous 8-waves movement it reached high of a 24343 satoshi, then corrected itself to 1251 satoshi which was over 94,10% correction.
I'm anticipating similiar situation here. Since XRP ended 5-waves it entered 3-waves of ABC correction, almost reaching 88.60%.

XRP have a nice trendline close to 94,10 Fibonacci line, so it's highly possible that it will have a bounce there. So buy-in around 2300 - 2700 satoshi (depends on where XRP will hit that line) should be a decent move.

Ripple is also below 200d and 30d EMA (blue and green line) which indicates that it's still going lower. It should go above 30d EMA to start a bullish move.

XRPbtc.jpg

XRPbtc2.jpg

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