XRPUSDT Analysis by @pipsnipers

The video analyzes XRPUSD, identifying an ABCDE corrective pattern. It notes a shallow E-wave that touched the 50% retracement level followed by a backtest of the 21-day moving average. The analysis mentions the price repeatedly finding support and making higher lows above this 21-day moving average. A 'buy wall' is identified around this moving average, preventing price drops. The video further pinpoints the last move down as the true backtest, leading to a push upward, implying a wave three of five upwards move. The analysis claims the 1.618 Fibonacci extension was barely touched at 3.53 which could be the target. Another key support level identified is the 50-period moving average on the four-hour chart, which saw repeated bounces, further implying higher lows. The analysis predicts continuation up, towards the 1.618 fib level at 3.53 and possibly further to 4.53 which is the 2.618 extension. The analysis uses moving average to identify support and it is implied that if the price goes below 2.84 level the bullish uptrend should be invalidated.