I know a lot of you feel XRP is ready to break out and make everyone millionaires, but I feel we are getting our hopes up. It seems XRP has been in a very big flat ABC corrective wave 4. We are in wave B of the ABC which is composed of a (W)(X)(Y) wave with a few sub (abc) waves within it. All in all I see this wave B should bring us back to .27 cents and then wave C should pump back up to the .80 cents. This should bring wave 4 to and end and the final wave 5 will start at that point bringing us down to levels around .10 - .15 cents.
Comment:
As you can see from the chart we are moving right where I thought it will go. Yes its has taken a bit longer to get there, but never the less, we are following the set waves. I think we might see a bounce of the .24 - .25, but I am not sure is going to go as high as I first calculated. We might just see a bounce up to the .50 and then drop to new lows. So fart right on track.