XRPUSD
XRP started a new Bull Market on March 2020, after a 2.2 year Bear Market. In Elliott Wave Terms, it had already trace Primary Wave 1, to about $0.78 USD, which seems to be a Leading Diagonal, Primary Wave 2, which is clearly a Sharp Zigzag, to about $0.17 USD, which also coincides with the SEC lawsuit, Primary Wave 3, to about $2 USD. And now it seems to have ended Primary Wave 4, to about $1.15 USD, which clearly seems to be a long Symmetrical Triangle Pattern. What should follow is Primary Wave 5 to new all-time highs.
Critical support is $0.95 USD.
To confirm Primary Wave 5 has started, we need to go above $1.35 USD.
The target for Primary Wave 5, should be 20,000 satoshis, a price that coincides with previous Cycle Bull Market Peaks in XRP vs BTC.
If XRP reaches a price of 20,000 satochis, and at the same time, Bitcoin reaches a price of $100,000 USD, that should give us a price of $20 USD per XRP coin. And yes, I know that sounds crazy, but that would be my price target.
Also, there is a SOLO Coin Snapshot on December 24 of this year. Meaning XRP Holders will get SOLO coins if they hold XRP that day, on specific wallets and Exchanges. So, I would expect XRP to reach its target, whatever it is, either on that day or a few days or weeks before that.
sologenic.medium.com...airdrop-e29ca52446bf
I hope you find this interesting and good luck to you
Comment:
Zooming in on the Symmetrical Triangle Pattern on XRPUSD: