$XRP
Added 2025-01-16 04:46:04 +0000 UTCI really like the Wave 4 pull back to the 0.38 Fib at $1.97, there was 3 tests of this level and then the price used the 50 Day MA to propel higher, price has now bounced strong over the last few days too.
Wave 5 is next as there has been a higher high in here too.
Some resistance at $3.31 but a flip of this level to support and $XRP can go to the 1 Fib extension at $4.36.
Comments
Where are we now? which wave...
mark_williams
2025-02-07 17:30:15 +0000 UTCIs it a good time get into XRP?
Chintan Parekh
2025-01-16 12:58:13 +0000 UTCWhere are waves 1 and 2 on the chart?
Sonny
2025-01-16 05:33:21 +0000 UTCOh, advanced EW theory here... Still learning, Thanks 🙏
Luc
2025-01-16 05:08:48 +0000 UTCGood observation but Wave 1 and Wave 2 consolidated very long, so the 1 Fib should therefore be taken from Wave 3 and Wave 4. Otherwise we would have used the 2.618 Fib and the 3.618 Fibs from Wave 1 and Wave 2.
Gareth Neary
2025-01-16 05:05:58 +0000 UTCI can't understand why wave 5 is so high. Shouldn't be same length as wave 1?
Luc
2025-01-16 05:00:26 +0000 UTC
