Ripple (XRP) Retracement
アップデート済
XRP has repeated this sequence 4 times, almost to perfection.
The first consolidation period lasted for approximately 9.5 days and resulted in a 533% rally from the previous ATH pivot.
A retracement of 78.6% ensued throughout the second sequence.
The second sequence lasted 5 times longer than the first consolidation period and resulted in another 533% increase from the previous ATH pivot.
A retracement of 78.6% ensued throughout the third sequence.
The third sequence lasted 5 times longer than the second sequence and resulted in (yet again) another 533% increase from the previous ATH pivot.
I expect another 78.6% retracement to occur. This will put the price of XRP below 1$.
The first consolidation period lasted for approximately 9.5 days and resulted in a 533% rally from the previous ATH pivot.
A retracement of 78.6% ensued throughout the second sequence.
The second sequence lasted 5 times longer than the first consolidation period and resulted in another 533% increase from the previous ATH pivot.
A retracement of 78.6% ensued throughout the third sequence.
The third sequence lasted 5 times longer than the second sequence and resulted in (yet again) another 533% increase from the previous ATH pivot.
I expect another 78.6% retracement to occur. This will put the price of XRP below 1$.
ノート
The spike higher than the 533% level was a result of buyers continuing to purchase out of emotion, creating overbought conditions.ノート
Accounting for the slightly higher pivot (not calculated using the all time high), the retracement target is approximately 87c. This is the revised price.ノート
Target Achieved.ノート
87c Spot on.ノート
Possibly another opportunity for an entry coming up! $ノート
Aright, time for another entry back up to 2$! Idea to come soon!
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