This is the beginning of wave 3 of wave 5 of a multi years up trend. Wave 2 ended exactly at 61,8%. A stop loss should be set under the last dip.
In the weekly chart it meets 61.8% which is exactly the previous 5 levels up top. In the 1 hour chart we just finished a tiny wave 1 and 2 upwards.
Please see the long term prediction to get the bigger picture
This is my main count. Seems pretty simple and it is.
We are in the channel. We have an exact 50% retreacement. We have the wedge. We have the breakout.
This is an even bullisher approach to the future of XRP. We are in a parallel channel. So it doesn’t seem to be an ending diagonal 5th Wave, but an expanded one. /
I could be completely wrong. This is how i see it today. We have 1 and 2 and 1 and A B C of a running flat. In this case the target for the wave 3 is around 65 $. I will buy between 1.40 and 1.60. This is NO trading advice!
This looks like a dream. But I would buy on the next dip. Wave 4 is possibly not fully developed.
Wave 4 will come down to 1400, before we will rise again.
On a log scale in looks like we have just the beginning of a HUGE Wave 3
The V could also be just the I of the V, then the sky would be the limit.