This idea represents wave theory structure in a similar pattern to historical moves by BTC and bitcoin cash. Enjoy ...overall BTC USD and USDT charts are all showing the creeeping up signs of XRP dominance regenerating over the next 3-6 months.
We are in a elliot wave triangle formation that could give us a pullback as far as .30ish cents should we follow a market idea such as this. Then we pinch...then we break out up.
Overall we are in accumulation again with some obvious pumps and preparations for the XRP asset to move up. Nothing but good fundamentals still and a decent hold today on the Ripple XRP hearing. Won todays battle but we still have no clarity which has been told could possibly be between Aug - Sept
Hope this idea helps the fellow follower see how we can still form a structure within this triangle but a solid break and close above .66 will send us to .77 - .84 or higher.
Hope everyone likes this idea and if you have anything to add please do. Please be kind and no trolls because we arent kids here we are just people trying to learn together and I am pro-crypto all over regardless of opinions. Thanks again everyone!!!! Trade safe and mind conscious!
@Kimhoddi, 4 to 5 is next. imo we area heading down still.
AschraM
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@Kimhoddi, My eyes are on .36c I want to see what kind of price action we do there.
Kimhoddi
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unbelivable..... you are so amazing again!!!!!!!!
Kimhoddi
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Omg!!!!! are you from future????? amazing..... plz show me more idea for XRP!!!
AschraM
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@Kimhoddi, Hi try taking a look at the older ideas. There are plenty.
Kokiamoun213
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if is gonna follow your chart it means btc will drop at least to 30000
AschraM
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@Kokiamoun213, well I'm eyeballing 37K-48K for a BTC potential zone pullback. We have seen 17% drop in a single day just recently...no reason it cant double that drop if a whale takes us there. If you look at May 2020 BTC it has basically the same structure elliot setup....depending on how deep the correction goes depends on if we can see a drop on xrp that low again too since BTC is still king. If you are a long term holder XRP entries are decently ranged between .25 - .50 still...leaving "room" if needed. FOMO is kicking in which could strengthen XRP and keep it ever from dropping below .47 again as well...I am only speculating of course..but I like to keep my options open...I also went through 2017 - 2018 BTC 20k to 3,3000 crash and road those waves..I know how fast things can happen in this space. If BTC begins to shake I expect the rest of the market to follow suit until alt season goes in full effect. Does that make sense? Im thinking in ranges and zones here not any exact price btw. Cheers and ty for commenting.
AschraM
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@Kokiamoun213, I see a weekly correction coming on BTC as well, when? well thats a good answer lol. A 50% correction from 65-68K would land us back in the 30K zone and that seems realistic for BTC to correct there before pushing to 100K