XRP has rocketed around 138% since it broke out of the major zone highlighted in red. A correction is forming which looks like it could be the 4th impulse wave and is currently testing support at 0.60000. From here, the 5th impulse wave should take us to the next resistance at 0.87500, where we’ll likely create an ABC pattern before continuing up again.
It looks as though we’re going to have a repeat of the 2017 bull market again.
It looks as though we’re going to have a repeat of the 2017 bull market again.
Comment
Price appears to be ranging at the moment. There are strong similarities between the 2017 bull run and this bull run. I will write another post comparing the charts.Related publications
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