🚨 XRP: Breaking Out of Accumulation! 🚨
XRP is missing Waves 3, 4, and 5 in green to complete the bull market. There are two ways to measure the target of Wave 5 which should be the bull market top. The 1st is taking the 1.618 fibbonaci retracement of Wave 4 which would give us a $5.39 XRP. The 2nd method is taking a 0.618 to 0.786 trend based fib extension which would give us a $6.21 to $8.97 XRP. In other words, this bull market should at least at the bare minimum give us a $5.39 XRP to $8.97 XRP.
XRP is missing Waves 3, 4, and 5 in green to complete the bull market. There are two ways to measure the target of Wave 5 which should be the bull market top. The 1st is taking the 1.618 fibbonaci retracement of Wave 4 which would give us a $5.39 XRP. The 2nd method is taking a 0.618 to 0.786 trend based fib extension which would give us a $6.21 to $8.97 XRP. In other words, this bull market should at least at the bare minimum give us a $5.39 XRP to $8.97 XRP.
Note
Throwing in some Wyckoff analysis, XRP is finally breaking out of Wyckoff Reaccumulation after 6 months of sideways price action. As stated a few weeks ago, cryptocurrency is starting to heat up! 🔥
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.