Hi there. It's been a while since we expected XRP to hit 51 cents and 73 cents. We hit our first target and XRP found the resistance of 55 cents and that was so close to our first Fibonacci level.
Currently, XRP is in corrective action in between the Fibonacci zones at $0.51075 & $0.40985
Closer Look at Weekly Time Frame
We've seen a big weekly green candle last week. XRP tested $0.51075 & wicked to $0.55829. Based on the 2 Elliott Wave Scenarios, XRP should proceed to $0.55 and if she breaks here, the next stop will be at $0.72925 in the very short term.
Let's check the indicators out if these figures are possible.
Weekly Wave Trend Indicator
XRP has broken the Weekly Wave trend resistance (straight orange line) and still proceeding the green signal as below:
Parabolic SAR, for the first time since 42 WEEKS, indicates a green signal (Small + signs under tour big green candle) last week. Another great strategy indicator in the weekly time frame indicates a great signal after a long time period which is a shift in paradigm.
A close above $0.51 is a must for XRP to continue the move.
We said we were eyeing the XRP moves closely, and XRP moved based on our predictions. Now XRP is in the accumulation zone between $0.40985 - $0.51075 and the expected move will be towards 73 cents to $1. Then we can highlight and eliminate the short-term targets in green and continue analyzing the mid-term targets.
As always, Important Note: None of the targets represented 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.