


Well see how this develops over time with all the madness going on right now. Still looking bullish atm, will know forsure when price moves back into triangle pattern and shows signs of strength again. Market cycle is complete! What will the next market cycle be? Bullish or Bearish?
A lot going on with this chart but the main take away is we are looking for the final E leg of the abcde combination correction that started from the peak in 2017 at ~$3.50. The Red "fair value" channel is holding support, golden cross, market is ranging in this area but stoch rsi is oversold. Bullish divergence on Volume. I have drawn 2 projected paths. Failure...
XRP Elliott wave theory fractal. New to Elliott Wave Theory, any experienced wave theorists with any comment, please feel free! side note: I feel these targets/wave structure may even be a bit conservative due to the impending institutional adoption, Ripple partner XRP use cases, Regulation, etc... I feel we will see much more extended wave structure!