TheFinancialForecast

Is the Ripple starting a journey to new all-time highs?

BITSTAMP:XRPUSD   XRP / U.S. Dollar
The XRPUSD, one of the strongest cryptocurrencies from tech POV, skyrocketed last week to new short term highs, almost tripling its value from the last low in 0.1151. The short term sequence is a basic 3 waves iteration, perfectly connected in time-length and speed for the first 2 legs within the pattern. The 3rd piece achieved the 1st blue attractor within also the time expected, around 40 periods, but an extension can occur achieving the 2nd attractor at 0.3615 within ideally 50 to 60 days for the maturity of this 3rd wave. This sequence remains alive above 0.2065. This is the first milestone from many to achieve in a potential journey to 3.23.

Comments

oh yea.
Observing the RSI chart, the level from your upper blue rectangle would confirm the relationship that represents the RSI, i.e. the path to successive increases, and then the needed consolidation after reaching the level of $ 0.35 and $ 0.4.

+1 Reply
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