Previously I made a Elliot Wave Analysis for XRP and found out that XRP's elliot wave is pretty unbelievable
I made that Elliot Wave when it was $0.40, I believe the new ATH will be around 30k sats when BTC starts settling down
On a larger scale, the ABC correction seems about over
Short term: 15k support is pretty strong, buy in at that level
Mid-term: 30k sats within this week or next week
However this BTC rally seems pretty strong and I would strongly advise to monitor BTC prices before buying
Target 1: 20k
Target 2: 25k
Target 3: 30k
February target: 50k
Moreover, it seems like 3 of the 5 major financial institution will be using the Ripple network and Western Union seems to be one of them as their stock prices have actually spiked due to this rumor
I made that Elliot Wave when it was $0.40, I believe the new ATH will be around 30k sats when BTC starts settling down
On a larger scale, the ABC correction seems about over
Short term: 15k support is pretty strong, buy in at that level
Mid-term: 30k sats within this week or next week
However this BTC rally seems pretty strong and I would strongly advise to monitor BTC prices before buying
Target 1: 20k
Target 2: 25k
Target 3: 30k
February target: 50k
Moreover, it seems like 3 of the 5 major financial institution will be using the Ripple network and Western Union seems to be one of them as their stock prices have actually spiked due to this rumor
Comment:
I made a mistake, the BC wave should be a downward one, I did spot it, just that I didn't plot it correctly, look between the waves and you'll see the corrective waves
Comment:
If XRP breaks 17k resistance, we might see a recovery to 20k sats
Comment:
It looks like XRP might go down more because it wasn't able to break 17k resistance but the end of the bearish trend is coming