James Chen, CMT is an expert trader, investment adviser, and global market strategist. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician ...
XRP peaked at $2.90, marking the completion of wave (5) in its Elliott Wave structure. The price consolidates within a descending triangle, signaling potential correction or breakout scenarios.
A descending wedge breakout suggests bullish momentum. The price is testing resistance at the 0.618 Fibonacci level. RSI indicates rising momentum but is nearing overbought levels. A break above 0.618 ...
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