XRP Ripple. Could get a nice Xmas pump before dumpster town
-I will post close up of current movement and what I think is currently an ABC below
-RSI on daily chart just broke support but this triangle and the recent bullwick still support this ABCDE triangle as a B wave of an ABC before completing wave 5 down.
-We should see a 0.61 1:1 or 1.618 extension of Wave A to make Wave C which would potentially top out at $1.40. (if it hits the 1.618 extension-do the math for the small targets.)
-that would complete wave 4, or complete the ABC after the original 5 waves down.
Either way, this thing is *probably* going to the dumpster for a while before resetting and attempting to moon- simply because like all alt coins, it's tied to BTC.
So for example The 25 cent low was about 4000 satoshis. That was when BTC was roughly $7500 right? So if btc is $4000 instead of $7500 or roughly 45% less, that 4000 satoshis is worth 45% less. So what's 45% of 26 cents? About 11 cents? So about 15 cents. Hope this makes sense.
I think it has a use case if they actually use the XRP they are selling to the exchanges- but I'm not sure why they wouldn't just keep all the XRP to themselves and keep all the profit, especially if it is not mined and they have the keys to vault so to speak.
See close up of ABC below
-RSI on daily chart just broke support but this triangle and the recent bullwick still support this ABCDE triangle as a B wave of an ABC before completing wave 5 down.
-We should see a 0.61 1:1 or 1.618 extension of Wave A to make Wave C which would potentially top out at $1.40. (if it hits the 1.618 extension-do the math for the small targets.)
-that would complete wave 4, or complete the ABC after the original 5 waves down.
Either way, this thing is *probably* going to the dumpster for a while before resetting and attempting to moon- simply because like all alt coins, it's tied to BTC.
So for example The 25 cent low was about 4000 satoshis. That was when BTC was roughly $7500 right? So if btc is $4000 instead of $7500 or roughly 45% less, that 4000 satoshis is worth 45% less. So what's 45% of 26 cents? About 11 cents? So about 15 cents. Hope this makes sense.
I think it has a use case if they actually use the XRP they are selling to the exchanges- but I'm not sure why they wouldn't just keep all the XRP to themselves and keep all the profit, especially if it is not mined and they have the keys to vault so to speak.
See close up of ABC below
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