Updating my triangle count for the Wave 4 on XRP. This would clearly throw some people off guard as this type of price action could take up most of February before we get the final 5th wave. Yes, it is very possible the triangle has already completed and all that’s left is a retest.
However, I’ve been holding since 2020, so I would not be surprised if they make us suffer longer. The push from $0.50-$2.90 lasted only a month, so that’s about what I expect after this triangle is for sure completed. That could start this week or next month. I much prefer sooner, but this is just another possibility to look out for.
If the triangle still needs more time, we should expect it to revisit $2.20-$2.30. E can also overthrow the AC line before reversing, which could get us down into the $2.10-$2.15 area.
However, I’ve been holding since 2020, so I would not be surprised if they make us suffer longer. The push from $0.50-$2.90 lasted only a month, so that’s about what I expect after this triangle is for sure completed. That could start this week or next month. I much prefer sooner, but this is just another possibility to look out for.
If the triangle still needs more time, we should expect it to revisit $2.20-$2.30. E can also overthrow the AC line before reversing, which could get us down into the $2.10-$2.15 area.
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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.