behind_crypto

behind_crypto

Hello Traders Here's another detailed daily analysis of Ripple - XRP, but first, make sure to check out my previous analysis in Related Ideas section. We nailed the target by only 0.01$ difference which is impressive! I believe we have started our journey of Intermediate wave 5 where the next long term target could be around 0.97 - 1.00 $. From swing and day...

behind_crypto

*This article has been republished due to violations of rules* Here's a detailed analysis of XRP on the hourly chart. I believe we have done the ABCDE type of correction as wave 2, now we can anticipate the start of wave 3. Wave 3 is never the shortest, and usually extends to x1.62 of wave 1. First Target = 0.75 $ Second Target = 0.97 ~~~~~~~~~ Make...

behind_crypto

Here's a detailed analysis of XRP on the hourly chart. We clearly had five waves up ( 5 minor waves = 1 major wave up), then we saw an ABC type of correction (major wave 2 = correction). Next seemed like we are about to begin the start of the major wave 3, however, that's failed. In order to attempt to form a major wave, we have to see another ABC correction....

behind_crypto

Here is a detailed "Elliott Waves" Count and Analysis of XRP for today. Please let me know your thoughts in the comment section. RSI also indicating loss of strength in the market (30' Time Frame), it is shaping a descending triangle and we have to see if the horizontal support holds true.