Hi there all. I hope you are all fine. We had the first break-out as we expected exactly on the 4th of November. It was pretty precise. Have you checked where the XRP had her rejection?
Yes, we have discussed the $0.51075 as the first resistance and XRP tested this exact level for the 3rd time.
1. Current Status in Daily Time Frame: So, the $0.5105 as you see is obviously the key Resistance for XRP at the moment. Above this level, she will have a small persistence at $0.55 and then move towards $0.73.
Above TA represents, XRP has entered the orange triangle on the 4th of November as we expected. So another date will be 17-November. If the $0.48 is maintained XRP can easily proceed towards $1 level by the end of the month.
2. Wave Trend Indicator, Daily
In the daily wave trend indicator, we have the green cross at the moment which indicates the bullish momentum. It is another positive aspect to see the indicator above the 0 levels.
3. Wave Trend Indicator, Weekly
I also would like to share with you when we zoom out a little bit on the wave trend indicator by checking the weekly time frame.
For me, the below indication is absolutely bullish in the weekly frame. This pattern directly interprets the $0.73 - $1 target is in range and possible shortly.
The green dot in the white circle is a "go" signal along with the 0+ values.
4. Conclusion
The Key is $0.51075. I expect XRP stays above this level for 2 days at least and then we can say XRP is welcome to the $1 area. If not, then we should consider first $0.48 and then $0.40
As always, Important Note: None of the targets represented on defenddark.net and defenddark.com is financial advice. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.