After hitting some important geometry algo targets, xrp is showing signs of life. Oscilators are heavy showing buy mode. Elliott wave patterns that are still active are 12/ 12 Simple impulse Double zig zag. Waiting for an impulse on a small time frame to see the further developement of xrp.
No matter what. I am seeing a motive wave downwards which could become a larger structure impulse. Just an update on previous BTC idea that followed up nicely. 5 completed waves in Elliottwave theory means that something begins and that something ends. In this case, i think that something is only beggining towards the lower prices
I still didnt see a proper retracement of USD... On the chart i pointed out with Elliott wave a possible roadmap of dollar movement which might influence crypto space to go into a retracement. Weekly bullish divergence is also formed on the RSI. Macd ema cross not yet confirmed.
I drew potential roads of XRP. Potential wave 4 is already way too deep for a typical impulsive structure. Red is bearish obviosly while white is bullish. Btc pullback might pull everything else with it. Even tho XRP historicaly had shown that it has a mind on its own.
Long term bullish. Short term want to see more downward movement
The retracement is to be accumulated if you believe in this project. I am not yet assured that the bottom is in . One wave seems to be missing. Glad to be proven wrong.
Bull on Zoom is still alive and possible. Current valid EW count of a double sideways. Two more waves are needed to have a propper image of what is happening
Waves 1 and 5 are equal. Since wave 3 was powerfull, im thinking this could truncate here. And actually do a proper corective move upwards. 4h divergence in play.
How to kill longs and shorts and to go without anyone ... Chart is self explanatory. This is a bull porn for btc. Not presenting any bears for the moment. They are there as well tho.
Im of the opinion that only the first leg of potential wave 4 is in. This could be a micro inner wave 4 before xrp hits a larger one. Wave 2 lasted for more than a month. Expecting simmilar for larger 4. Yet to see. Anyway, demand zone is here. Waiting for a reaction and divergences for a cleaner entry
waves 1 and 2 are done... Welcome to the wave 3. Full send.
Impulse still not invalidated. After a full cycle, Zoom might be ready for a higher high. Elliott wave is showing us a clean potential for a something like that. 5up 3 down.
Still didnt tag the golden zone after the Impulse on Near. Still no impulsive structure after the first retrace which leads me to believe that there is mor low to come. Happy to be wrong.
Xrp looks like it wants to do a flat correction from here. buy zones are 0.5 and 0.61 fib retracements. heavy supports. if it holds there, xrp will moon . long term targets 7 then 10$. longer term even more. we will have to see the developement of the macro wave 3
if price passes wave 3 in any form, leading diagonal would be confirmed on xrp.
Potential buy zones/fib. levels are marked with blue. Fib level of 0.61-0.64 (golden pocket and potential last target of c and the end of correction. Anticipate ladder buys) Fib level of 0.5 potential bottom (small bounce for the moment) Fib level of 0.31 hit and bounced (end of first corrective A wave)
First 5 waves completed. Short on short term.