XRP almost ready for lift off!
- IMHO we are currently completing the 2nd wave of the larger 5th wave. I assume we will break above the blue line by mid-2023; we will consolidate above or below channel median line for a while and then continue for completion of 3rd wave of the larger 5th wave (hit top of the channel).
- After that XRP is going to retrace for a while (similar to what BTC is going through right now) and then the final push to the upside.
- Usually the larger 3rd wave and 3rd wave of the larger 5th wave are aligned (they both hit top of the channel), so I expect for XRP to hit $30 (top of the channel) in about 1.5 years.
- For completion of 5th wave after the retracement we will see 100+ XRP and overshoot beyond the channel.
- As you can see price has perfectly reacted to the lower and median line of the channel so far.
- Based on the height of MACD bars for XRP at $3.3, it has probably completed the Main 3rd wave and the wave count for the future price action is based on that.
- Price action lower than the previous leg down invalidates this idea.
- After that XRP is going to retrace for a while (similar to what BTC is going through right now) and then the final push to the upside.
- Usually the larger 3rd wave and 3rd wave of the larger 5th wave are aligned (they both hit top of the channel), so I expect for XRP to hit $30 (top of the channel) in about 1.5 years.
- For completion of 5th wave after the retracement we will see 100+ XRP and overshoot beyond the channel.
- As you can see price has perfectly reacted to the lower and median line of the channel so far.
- Based on the height of MACD bars for XRP at $3.3, it has probably completed the Main 3rd wave and the wave count for the future price action is based on that.
- Price action lower than the previous leg down invalidates this idea.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.