Hello everyone,
this is a comparison of the current cycle with the previous one in 2017, as you can see in the chart.
If the cycles repeat similarly xrp should be in the first wave towards 60 cents, a possible second wave would take it down towards 30-20 cents, then start the third wave towards a new high.
Obviously this is just a speculative idea, one of the possible interpretations of the current price situation of XRP based on fractal review and Elliott Wave theory.
I could be completely wrong, if XRP does not rise towards 70 cents and breaks support levels, the theory is invalidated.
Comments and opinions are welcome.
Happy electric Monday :)
**NOT financial advice, everyone do their own research**
this is a comparison of the current cycle with the previous one in 2017, as you can see in the chart.
If the cycles repeat similarly xrp should be in the first wave towards 60 cents, a possible second wave would take it down towards 30-20 cents, then start the third wave towards a new high.
Obviously this is just a speculative idea, one of the possible interpretations of the current price situation of XRP based on fractal review and Elliott Wave theory.
I could be completely wrong, if XRP does not rise towards 70 cents and breaks support levels, the theory is invalidated.
Comments and opinions are welcome.
Happy electric Monday :)
**NOT financial advice, everyone do their own research**
However, I expect a greater descent, towards the support level of 0.26 cents, if it breaks it the bottom will probably meet in the 0.20 cents or so.