Hi there all. 3 days back when we set the 5 Elliot Wave structure, we were on top of Wave 1 and expected prices to drop towards $0.33333.
XRP 3 days back:
XRP indicators were in the over-bought area and we expected the pull-back towards $0.33. Currently, the price is close to this level.
After 3 days, we can see the indicators are almost very close to the over-sold area and supporting our $0.33 support as our Wave 2 bottom.
If $0.33333 will be the support next jump will be towards $0.46. We will be continuing our analysis over that area since this structure is expected to be completed at $0.66 in short term.
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.