Looks like XRP went through a brief profit taking followed by some consolidation after an impulse Wave 1.
Fundamentals are really strong for this coin as XRP is making big moves in the financial industry partnering with many big players around the world.
Wave 2 seems to have formed a bottom with RSI, short term MACD, and other signals identifying an opportunity to buy right here and embrace Wave 3. Generally wave 3 is 1.618:1 for wave 1. This means that at the peak for 0.000125 sats, we are looking at XRP to climb higher than my target. However, I'm being very cautious because it's heights depend on BTC stability. For now, I have set target at around $1.65 but it could go higher.
Hopefully BTC can remain stable and we can make some $$!!
This chart is to be used for educational purposes and not for financial advice. I am not a financial advisor, and therefore, and offering this as a piece of use in your own analysis.
Thank you! Feel free to leave a comment on your thoughts!
Fundamentals are really strong for this coin as XRP is making big moves in the financial industry partnering with many big players around the world.
Wave 2 seems to have formed a bottom with RSI, short term MACD, and other signals identifying an opportunity to buy right here and embrace Wave 3. Generally wave 3 is 1.618:1 for wave 1. This means that at the peak for 0.000125 sats, we are looking at XRP to climb higher than my target. However, I'm being very cautious because it's heights depend on BTC stability. For now, I have set target at around $1.65 but it could go higher.
Hopefully BTC can remain stable and we can make some $$!!
This chart is to be used for educational purposes and not for financial advice. I am not a financial advisor, and therefore, and offering this as a piece of use in your own analysis.
Thank you! Feel free to leave a comment on your thoughts!