On a HTF (WK or MO) it's evident that XRP is entering into a mega WAVE 3 since inception. Assuming the rise in 2018 was a primary W1 followed by a multi year accumulation zone we can assume that the 2020 lows formed the end of the correction and that the impulse out of 08/2020 began the new trend. The confusing part for me is which wave did we complete, did we have an impacted full wave cycle disrupted by the lawsuit, which assumes we are either finishing a W5 in Q2/Q3 2022, or, are we discounting the invalidated W1 post lawsuit and assuming that we currently find ourselves in a running flat W2 correction of a massive W3.
I'm unsure, but at minimum I have a $10 target reaching for a maxed out fib extension and tapping the mid-line of a multi-year log regression in sight...
I'm unsure, but at minimum I have a $10 target reaching for a maxed out fib extension and tapping the mid-line of a multi-year log regression in sight...
History doesn’t repeat itself, but it does travel in cycles.