XRPUSDT Analysis by @pipsnipers

Total Quality
Score
2.3341
2.1300000000
2.55
XRPUSDT
1H
Fail
Free
Analysis Predict Bull Market
Technical
The analysis of XRPUSD focuses on Elliott Wave and Wyckoff re-accumulation patterns. The video identifies a leading diagonal followed by a WXY correction. A fib retracement from the low of May 6th to the high of May 12th shows a potential retracement to the 0.702 to 0.786 fib level (around $2.24-$2.20), but also bullish divergence on the MACD. It eyes resistance between 2.5296 and 2.5619. The alternative bearish scenario includes a move down.The overall bias is bullish, with a Wyckoff re-accumulation observed, The video also includes a 200 day moving average and that XRP had been ranging with some psychological support .The video also shows 2018 levels can be met if XRP breaks the resistance levels.
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