My Dears, we have waited for this so long to announce the Grand Wave 3, which officially started on the 21st of March, 2023, for XRP.
Well, some of you are excited about this news, I can imagine.
People did not believe XRP could surpass 33 cents, but XRP did that.
1. Wave Trend Indicator, 1 Month
Today I would like to start with the Wave Trend Indicator I like the most, and you know that.
I have often expressed that the monthly indicator must turn green to discuss the upcoming run.
And yes, we now have the Golden Green indication! This indicates that XRP is ready to start the Bull Run.
Along with this indication, we have another great indicator I always use. The relative strength indicator RSI tells us that XRP has also broken out its multi-year resistance trend in the monthly time frame.
Are we going to have another RSI challenges upcoming? Yes, we do, but this was so important for us.
2. XRP Grand Wave 3, Officially Started
Considering all the key indicators, we have the same break as you all witnessed yesterday in the XRP chart, as we expected before the 31-March.
I want to congratulate the ones who succeeded.
Ladies & Gentlemen, after a very long term, literally after 5 years, we are breaking the multi-year Resistance 1.
I still need to reflect the 2nd Multi-year resistance, but I want you to know that this Resistance sits at $1.30 and $1.85. Is it going to affect 3rd Wave? No.
XRP initiated the 3rd Grand Wave considering the below structure:
Grand Wave targets $256 - $333. As usual, some will believe, and some will not. Our point is not to give you any financial advice but give you an understanding of what the chart looks like.
DD, What is your projection in the short term?
As you know, we set initial targets of $0.4330 and $0.5437. We are close to the latter, and I will develop a further analysis for you tomorrow.
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And As always, I'd like to point out that none of the targets on defenddark.net and defenddark.com is financial advice. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.