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Elliott Wave Analysis - Ripple (XRP)
Elliott Wave Analysis of Ripple (XRP).
We have a clear 5 wave advance to label wave (1).
The ensuing 3 wave correction has retraced very nearly 61.8% of wave (1). The depth and form of the correction allows us to label it as wave (2).
What should follow is a strong surge in buying volume as wave (3) gets underway.
wave (3) can be targeted using a fibonacci multiple of 1.618 of waves (1) and (2)
We have a clear 5 wave advance to label wave (1).
The ensuing 3 wave correction has retraced very nearly 61.8% of wave (1). The depth and form of the correction allows us to label it as wave (2).
What should follow is a strong surge in buying volume as wave (3) gets underway.
wave (3) can be targeted using a fibonacci multiple of 1.618 of waves (1) and (2)
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