Maybe people don't like XRP because it is centralized and managed by banks. This is understandable, however, it is a token that maybe people like to trade so here is my TA on it.
I think the correction of wave 5 is over and since the 18th of January XRP has started a new wave count. The price action exited the turquoise channel and we now see a pull back.
Wave 1 is probably over but this is not the case of its corrective wave 2. I think XRP may go to the 62% Fibonacci level of around $1.18 before resume its trend up with wave 3. This is also confirmed with downtrending RSI and MACD.
Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.
