Ripple Could go to 100+ USD Next Year (Elliott Wave)
Updated
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Ripple is in a potential bullish harmonic reversal zone here. There's also a weekly bullish divergent bar, and the weekly momentum is starting to diverge and turn around. We're also within the correct time zone for this wave to end, along with the inside Elliott wave count for wave-(d) matching that of other cryptocurrencies which also appear bullish, some of which have already seen the beginning of a pretty big reversal. This implies that we've likely already hit the bottom on XRP and are beginning to climb now.
Potential target is somewhere from 10-150 USD, and could take from 6-10 months. We'll have to see how this continues to develop from here to know what a more precise target will be. I suspect that we'll continue to see very violent waves up, like we've seen in the past, with very long corrections.
Ripple is in a potential bullish harmonic reversal zone here. There's also a weekly bullish divergent bar, and the weekly momentum is starting to diverge and turn around. We're also within the correct time zone for this wave to end, along with the inside Elliott wave count for wave-(d) matching that of other cryptocurrencies which also appear bullish, some of which have already seen the beginning of a pretty big reversal. This implies that we've likely already hit the bottom on XRP and are beginning to climb now.
Potential target is somewhere from 10-150 USD, and could take from 6-10 months. We'll have to see how this continues to develop from here to know what a more precise target will be. I suspect that we'll continue to see very violent waves up, like we've seen in the past, with very long corrections.
Note
For all the people that say "Crypto can't go that high because of the market cap!" I suggest you take a look at the DOW and see the consistent 100+ year logarithmic growth that it has experienced. Also the consistent logarithmic growth that BTC has experienced since 2009.Logarithmic growth is not going anywhere. We'll continue to increase at nearly the same rate as we have in the past. It may seem impossible, but this is exactly the rate we should be going for cryptocurrency to replace all currency in 5-10 years.
By next year crypto will be 1-9% of all currency in the world (currently ~0.23%), and then in 5-10 years it will be at least 90%, meaning the total market cap will reach into the 100s of trillions when you adjust for future inflation.
twitter.com/Intuit_Trading/status/1036276746457374720
Note
Looks like in the short-term we are actually forming a symmetrical pattern, like on BTC. So we should get one more leg down before we finish wave-i, probably sometime around the 25th at 0.26-0.21
Note
s3.amazonaws.com/tradingview/snapshots/x/XJA2qkhM.pngLooks like we bounced off of my 0.26 target and now we've retraced all of wave-i faster than it was formed. This is also the first time we've made a higher high since January. Most likely, we will see some strong follow through here that could be the beginning of the forecasted uptrend. The rest of the market is likely to follow.
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