XRP appears to be at the beginning of the third Elliott wave. If this count is correct, then it could go up to 0.70 – 0.80 in the first intermediate wave. Within this first wave, the first and second minor waves may already be complete. I have estimated the targets for the third, fourth and the fifth waves as shown below:
Wave 3 = 2.618 * wave 1
Wave 4: 38% correction
Wave 5: 0.786 of the total length of wave 1 and 3
The first major resistance is at 0.30 where XRP may complete the first minute wave (not shown).
Interesting times!
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
Previous analyses:
Wave 3 = 2.618 * wave 1
Wave 4: 38% correction
Wave 5: 0.786 of the total length of wave 1 and 3
The first major resistance is at 0.30 where XRP may complete the first minute wave (not shown).
Interesting times!
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
Previous analyses:
