Starting on March 30, 2020, we started a New Bull Market on XRP, after a Multi-Year Bear Market. In Elliott Wave Terms, we already trace Primary Wave 1, from about $0.11 USD to about $0.80 USD, they we had Primary Wave 2, to about $0.17 USD, which coincides with the SEC lawsuit against Ripple. And from there we started Primary Wave 3.
Within Primary Wave 3, usually the extended wave, we already trace Intermediate Wave 1, to about $2 USD, and Intermediate Wave 2, to about $0.50 USD, and have already started Intermediate Wave 3, which should take us to new all-time highs.
}Within Intermediate Wave 3, of Primary Wave 3, of this New Bull Market, we are tracing Minor Wave 1, which I expect would end somewhere around the $2 USD mark, then I would expect Minor Wave 2 retracement, followed by Minor Wave 3 to the climb above $2 USD, and above Minor Wave 1.
Eitherway, there are still several weeks before Intermediate Wave 3 ends, I would expect it to end sometime in September with a New All Time High in the XRP to USD price. Some say that for that to happens Ripple needs to settle the case with the SEC. Eitherway I expect that to happen early September. In my twitter I explain why.
I hope you find this interesting and good luck to you.
Hello!
I have 2 questions:
1. Why green (1) crosses with green (4)?
2. Why green ((i)) is a 3-wave move?
Raul_Dominguez
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@Raph, the degree of waves is not in the color, but in the symbol, using the tools provided here by Trading View. Example: 1, (1), they are both waves 1, but of different degree.
Raph
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@Crypto_Masters, okay, ill be easier:
1. waves one and two of the impulse cannot crosses
2. each wave of impulse must consists of 5 waves
Raul_Dominguez
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@Raph, 1) If they are of different degree they can.
I have 2 questions:
1. Why green (1) crosses with green (4)?
2. Why green ((i)) is a 3-wave move?