Hi there all. Since 13 January 2020, the XRP Wave Trend hasn't produced the green signal on the over-sold area for XRP until this week on the weekly charts.
What does this mean? As we are expecting a 5 Wave structure in 4 hours time frame, proceeding to the $0.66 $0.78 level is getting stronger! For the 4 Hours frame, we expected the 2nd wave towards $0.33 and this is in progress now.
XRP Weekly Candles
Today, I would like to combine all the indicators to see everything in parallel. As you can see below, the Wave trend oversold area has been returned into the green on 13 January 2020 and we had the same reversal signal on 27 June 2022
What are the odds of having a pullback still towards $0.22 as per our Feb-22 prediction?
My expectation is getting weak each day after these signals. First, we need to get to the target area, $0.66 and then check the monthly indicators for their green signal! Our expectation for $13 - $30+ is closer and close each and every week.
As always, Important Note: None of the targets represented here is financial advice. Do your research in due diligence and take responsibility for your actions when buying or selling an instrument.