XRPLong
XRP short therm scenarios.
I see 2 possible scenarios here with Elliot waves analysis.
As per white, we go directly down into micro wave 5 to complete larger wave 2 degree. Followed by bounce 3rd larger Elliot wave should reach new all time highs, and take us towards 4usd first, then after 4wave correction 5th wave should take us towards 5usd at least.
As per yellow, this could be ABC coorecction or maybe even WXY that should postpone direct move towards new all time highs.
In case that we break under last swing low, then these 2 directly bullish scenarios will be invalidated, following with larger correction that could lead us somewhere betwean 1.12usd and 1.40 usd
As per white, we go directly down into micro wave 5 to complete larger wave 2 degree. Followed by bounce 3rd larger Elliot wave should reach new all time highs, and take us towards 4usd first, then after 4wave correction 5th wave should take us towards 5usd at least.
As per yellow, this could be ABC coorecction or maybe even WXY that should postpone direct move towards new all time highs.
In case that we break under last swing low, then these 2 directly bullish scenarios will be invalidated, following with larger correction that could lead us somewhere betwean 1.12usd and 1.40 usd
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.