XRP IS BOUND TO BREAK OUT OF THIS WEDGE AND RETEST!!
Breakout Summer/Fall?
SHORT:
A wick to 0.854FIB ($0.73) would be a nice trade for the retest 0.236FIB (0.39 - May 2024?).
"HOPING" we are on the Green & Orange EW path.
TLDR:
$0.11 - retest in route... :/
$0.21 - "HOPE" for a touch and go, but a retest of $0.11 in the cards....
:
Has XRP already broken out of the trend line?
Just painting a picture... Thoughts?
*2016 Fractal
]:
The Green & White EW (WAVE 3) | $0.21
0.786FIB / wave 2 retrace
0.382FIB / Wave 4 retrace
*Lets...
07 Sept '15 ( Circled) Tested the trend line and proceeded to draw down to 83%.
XRP Seems to be testing the trend line again on this run.
Will we retrace to $0.27 meeting the the 83% Draw Down?
$0.45 is the resistance.
GL ALL
Profit Taking: $0.39 / $0.41 / $0.45
XRP has 2 potential narratives.
Green EW:
$0.42 price has been met. Candle close for wave 3.
Wave 5 knocks on $0.44/$0.46 (21 ATH Trend line/0.702/0.786FIB)
Grey EW:
$0.39 completes wave5.
The H&S pattern measured move down is $0.22 to complete Wave 5 on the Weekly Trend line.
If XRP take out $0.55, it would invalidate the Macro Elliot Wave.
On the bright side, there are trading opportunites in the near future.
Keep your eyes peeled for $0.40 because it might touch $0.45 and retrace to $0.22.
The $0.37 resistance is at the 0.702FIB line.
IMHO, XRP will:
1. BREAK ABOVE the TREND line to the 0.236FIB ($0.65) Resistance.
2. Retest the TREND and/or $0.29 for the DOUBLE BOTTOM
3. God Candle to the 2.618FIB $4.29
FACTORS:
1. 85% seems to be the bottom from the top
2. 65% from the retrace to resistance
3. 75% from the retrace to the bottom
WILL HISTORY REPEAT? Stay tuned!
Will the SEC case rally XRP to $1.07 (0.702FIB) to $1.17 (0.786FIB)?
After the Massive FOMO, the Trend line @ $0.47 will be retested for some sideways action for the Bag Holders.
GL ALL!
IGNORE THE DATES
IIMO, i think ALTCOINS will detach from BTC when the retrace circled in ORANGE.
XRP will hit a resistance of $1.34 or will it detach or hit the double bounce then moon?
What a WILD market!
Is the 2018 XRP Fractal playing out?
If this DOES play out...
SHORT: $0.90
BUY: $0.70
POSSIBLE $0.59 & $0.51 Buy ranges. You'd be SUPER LUCKY to catch that falling needle
1HOUR:
XRP is riding ABOVE the TREND LINE in a RISING CHANNEL.
$0.79 Resistance.
Nail biter
ZOOM OUT for a better overall view
MONTHLY:
Cup & Handle
November 2022
Will XRP bust out of the massive trend line and meet the 0.702FIB ($0.85)?
XRP looks to be marching its way up towards the EMAs.
XRP is knocking on the 21EMA (red line)
XRP likes to V Bottom
XRP is already down 85%.
150% Gains inbound?
*from $0.35.
Predictions....
SHORT: $0.85
RETEST: $0.41
Has XRP already broken out like the 16/17 Fratal Overlay?
TLDR:
$200 - 95% = $10
$200 - 85% = $30 ($27XRP!)
Orange Wave 2 already hit the standard 85.4% retracement.
Orange Wave 3 is loading.
XRP typically retraces 85% - 95%.
WHEN XRP reaches $200, Does a $10 - $27 in 2026-2030 great depression narrative sound right?
My Sell Order:
SELL 80% @ $199.99 (for...
This is a revision from my $289 XRP Super Cycle Prediciton.
XRP is in a Trend/Channel.
2022 seems to be a retrace from 2018ATH and only went 1/2 to the trend as it did in 2015.
4 year cycles are now 6 years, and the next will be 8 years.
the 2018 Fractal is played out for the 2023.
$275 XRP sounds far fetched, but is it really?
Will 2023/2024 be the Altcoin...
If history repeats again, XRP holders will be holding bags for a while.
Im comparing the 14 Bull run to the 18 bull run.
Ive circled where i believe XRP is at.
IDK if the ABC correction will make ll (lower lows)... if it does, $0.20 is a DISCOUNT!
Looks like its BEAR market. XRP long...
Small trading opportunies lurk in the bear market.
Stay positive all!
Speculation: IF,
XRP follows the pitch fork trend line , XRP will hit the 3.618c.FIB ($273) and wick to the top of the PitchFork Trend Line to $589 between April 2024 - Sept 2026 with a 95.40% retrace to $27 on the 1.681FIB from the 18 ATH.
$589 - 95.4% - $27.09
Lets see if this pans out.
