XRP Analysis==>>Correction Signs! What's Ahead?
XRPUSDT is moving in the Resistance zone($2.63-$2.50).
In this post, I want to show you some signs that XRP may still need to be corrected in a one-hour time frame:
1-Regarding Classical Technical Analysis, XRP seems to have succeeded in forming the Rising Wedge Pattern.
2-The formation of the Evening Star Candlestick Pattern in the Resistance zone can signify the reverse of XRP.
3-The formation of the Bearish Gartley Harmonic Pattern can also be another sign of the decline of XRP.
4-According to Elliott wave theory, XRP seems to be completing the main wave 4.
$XRP
I expect XRP to break the lower line of the Rising Wedge Pattern, which should drop to at least $2.38. If the Support line is broken, the next target will be the Support zone($2.25-$2.17).
⚠️Note: If XRP manages to break the Resistance zone($2.63-$2.50), we can expect an XRP pump.⚠️
XRP Analyze (XRPUSDT), 1-hour time frame⏰.
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