Why XRP has frustratingly hovered around $1 for XRP HODLers!Xrp is going through a triangle, which is why the price has been coming above and below $1 for some time now. This might be in-line with what Jeremy Hogan said about the xrp lawsuit - its soonest end date is 27th September (if I remember correctly), which makes sense that the price has a high chance of spiking up after that lawsuit is over.
Also, if you knew that xrp's price was being held down because of the lawsuit and that it wasn't going to end until a much later date, you must be fearful to have kept your money stagnating in it for so long. I almost did when I tripled my money from the $0.45-$1.2 prices on the big spike; no bragging because there's genuinely no point in it.
Directly after that spike, I realised that you could've nailed the highest price by drawing the line that makes up the top left of the triangle!! (fib price retracement is another option, although you would've needed to judge momentum as well, which I don't know how to do).
During the first Elliot wave, I hawk-eyed the graph every day because I was ironically fearful of the reactions from my family of getting rich; thanks to Bearableguy123 and Elon Musk "much wow" - it plugs into G_atria.
So, I know this graph's patterns VERY well! Combining what I know with Elliot wave theory and the fib retracements plus Alex Becker's previous BTC video, I can clearly see another Elliot impulse wave forming with an ATH coming very soon!
And then, everything's crashing down due to e_ collapses, crypto b__ for the time being and the flippening is having all the privacy cryptos flip the surveillance coins - which you'll have to move into anyway if you want to keep your crypto!
Xrpelliotwave
XRP 4H - ABC Correction WaveHi everyone,
Correction wave is playing out and seems Wave A went deeper then expected since we broke out the triangle - you could say bear flag depending on how you look :)
After that retrace to previous resistance, that will be Wave B, It's to be seen how high it retraces but it shouldn't overtake Wave A.
After that an even deeper pull back towards 70 cent zone thus retesting the Weekly support zone before heading on the the bigger Wave 3.
Similar to most markets and they go up and down, nothing unusual!
Elliot Wave Theory is a theory so not all price points should be taken as a fact, but it does gives us a clear picture of what might happen.
Kind regards,
Noel
XRP W - Wave 2Hi everyone,
Here's the potential Elliot wave in the making - it usually extends to the fibs but please don't take the prices in this chart as a guarantee.
Price doesn't go up or down in a straight line but in this way we could get an overall picture.
Elliot Wave Theory remains a theory but it has very solid grounds, take in mind that the these waves contain sub waves & corrective waves, etc...
When using Elliot Waves I do like to keep it as "general" as possible, you could calculate them more accurately but doesn't mean price will exactly follow this :)
www.google.com
Wave 2 could have finished, however they do tend to go even deeper so that would brings us potentially around 90 cent support zone.
Kind regards,
Noel