XRP / EuroUpdated XRP - Elliot Wave Analysis
XRP has completed 5 impulse waves up, now looking for a ABC correction.
A is working on the 4th wave, wave 5 will probably complete around .382 fib retracement level of 1-5.
If B retraces 61.8%, a 1 to 1 extension of A could be possible for C, touching the confluent zone around .50 fib retracement level of 1-5.
A is working on the 4th wave, wave 5 will probably complete around .382 fib retracement level of 1-5.
If B retraces 61.8%, a 1 to 1 extension of A could be possible for C, touching the confluent zone around .50 fib retracement level of 1-5.
Note
Original subcount of A was invalid.Still, target B and C are reached.
Note
This would be the correct subcount of wave A.
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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.