XRP is looking promising to break back to the upside. This could potentially become an ABCDE correction If the day continues its bearish start. I don't foresee price falling below demand zone of $1.91 even if this trend is broken. I'm curious to see how this plays out. This is NOT financial advice, strictly my opinion on the direction in which XPR is headed. Feel free to leave feedback as this is my first publicized chart.
Long term trend is still highly bullish even considering the short term bearish movement.
Komen
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Price is moving as expected. It retested the 2.05 area and rejected beautifully. I'm expecting one more retest of the 2.01 zone before we start to see our first wave up.
Komen
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With current momentum down and break in analysis I have my eyes set on the next two levels before we see anything going North. $1.62 and $1.40 are next critical levels.
Hi there, Nice to look at your analysis. Pleae can you tell me where did you learn the technical analysis from? I would really really appreciate your reply. Keep it up ;)
DDBUCO
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@hsusmani, How's it going my friend. I appreciate your acknowledgment of my analysis. I've spent the last 2 years self educating myself on the financial markets and technical analysis of the markets. Books like "Naked Forex" and "The Art And Science of Technical Analysis" are where I started out. Since then just more books, marking up hundreds of charts, and mentors to help guide me. My goal is to just get better each and every day.