Looks like we are correcting from a beautiful wave 3. XRP is currently in wave 4 and we should not drop past 38% FIB. After touchdown on the 38 (if it makes it that far) fib line we should slowly shoot up to no more than the 100% FIB EXT of wave 3 to complete our 5th wave at around .84/.85 cents. I am just a beginner, but love charting XRP when the Elliot
Waves and Fibo are easy to read. Go long to top of wave 5 and get out to maximize gains. Let me know what you guys think. Let me know if Im on the right page or way off :) any comments are much appreciated :)
This analysis is for educational purposes only. Not intended for use in trading. Trade at your own risk.