Analyst: XRP may rebound to $1.53-1.62, then test $1.10
- —XRP trades around $1.28, below its August peak of $1.69
- —Scenario: rebound to $1.53-1.62, then a test of supports at $1.29, $1.21 and $1.10
- —$1.10 is the 78.6% retracement and the validity threshold for the wave 3 scenario
- —Wave 3 target is $1.93-2.25 if support holds
Why it matters: Holding $1.10 keeps alive the chance of a rally to $2, while a break would cancel the bullish scenario and open the way lower.
Source: Digital Today