XRP / USDT - Long term analysis and projection.. to the Moon?!
thought i'd look at the longer term overview and do some EW charting along with some rough projections to see where we are at on a MACRO level.
I think that the $3.30 high was the 5th wave of a giant 1 wave, and we've now put in the 2 and have just started the 3rd with the recent rise to 96c being the 1 wave of the 3rd.
All the fib levels are pin point and crazy accurate which is insane, so it was nice to see their relationships being so on point.
Now as for the projections, there is no guarantee that we will have the same fib relationships of the waves as previously, which is why i included an alternate price point for the 3rd wave in yellow.
Also the timing of these are in no way precise but this whole chart was more of a lets see where we could go from here and have some fun with it!
the chart is in log scale - meaning the higher up the chart, the more the prices compress, this is why going up from 0.5c to 7c looks the same size as going from 2c to 43c...
Im my honest opinion, Ripple and XRP are making HUGE leaps and bounds this year and Im sure this will continue next year as well.
Hate it or love it, we're here to make money, and this right here shows amazing potential.
I think that the $3.30 high was the 5th wave of a giant 1 wave, and we've now put in the 2 and have just started the 3rd with the recent rise to 96c being the 1 wave of the 3rd.
All the fib levels are pin point and crazy accurate which is insane, so it was nice to see their relationships being so on point.
Now as for the projections, there is no guarantee that we will have the same fib relationships of the waves as previously, which is why i included an alternate price point for the 3rd wave in yellow.
Also the timing of these are in no way precise but this whole chart was more of a lets see where we could go from here and have some fun with it!
the chart is in log scale - meaning the higher up the chart, the more the prices compress, this is why going up from 0.5c to 7c looks the same size as going from 2c to 43c...
Im my honest opinion, Ripple and XRP are making HUGE leaps and bounds this year and Im sure this will continue next year as well.
Hate it or love it, we're here to make money, and this right here shows amazing potential.
Comment:
here's a picture of it so its easier to see, especially if you're on a phone:
