Hello Everyone. I want to share my idea for future of XRP. This is not financial advice, just pointing out my observation, feel free to comment of disagreement or like if you agree with my idea. Doing Elliot wave count on daily time frame, I can safely assume we about to face a major pump for XRP and many other coins, as we all call it an ALT season. Here is few pointers, to support that we about to hit an Alt Season and very very soon.
If you look at the Cart, you will see XRP was going basically sideways for a year and a half. Sideways move can be explained with 1-2 1-2 move, to be precise in explanation: Wave 1 in Major Trend Up followed with ABC correction Wave 2, then Followed with Wave 1 and currently we finishing Wave 2 of Major Wave 3. Which is Hints for massive pump in near future. as per Elliot wave theory Wave 3 is most Longest and sharpest move. I am not gonna predict the price, but my personal Price I think Major Wave 3 will end in about $4.5 (which is 323.6% of Fib Level) And Wave 3 with in Wave 3 might Stop at $3.6, do Wave 4 correction to around $2.8 and Wave 5 finishing at $4.5.
As I am not Pro in Elliot wave, I will be open to pointers in comments. For the short Term, XPR currently have confluence in Price, between 0.6 (USDT Chart) and 0.65(USD Chart) after January 4th Crash of Bitcoin. I believe we will see candle close (can be not Daily) in one of those 2 level to Clarify. Reason is behind this belief is Wave 2 can be retraced to 85% or 90% which is 0.65 and 0.6 Prices. (5 cents can throw Fib level, especially at higher prices by decent margin)
After Retracement is complete, I am very Bullish on XRP.