*Updated XRP 30m Analysis 06/12 Analysis:
To start this analysis off lets make it clear, XRP WILL long term reach $1000+, I am extremely confident that the use case and real world utility outweigh how undervalued the currency right now.
Following on from yesterdays analysis.
We could be seeing some consolidation within this zone which I have marked.
Firstly taking a deeper look into internal structure, We can see that price appears to be creating HL and HH which indicate a iBOS and also potentially iCHoCH.
The confluences I'm looking for next would be a HL once again, followed by a HH. However taking into account the overall short term trend, we are bearish as this is just a correction for price and If it was to come down to the M30 Swing low or even better the Supply zone I've marked I will be looking to add more long positions at this level.
To consider:
INTERNAL Break of Structure
If price creates LL below M30 Low
If price creates HL internal structure
FOMO and Paper hands