Ripple came raging out of the gate in a strong move up over the past few weeks. Has it bottomed, or is this a fake out? So, far this is only a three wave rally according to Elliott Wave theory. However, if we can see it hold support for wave iv, we can see a final wave, and call this an impulse, meaning it has finally bottomed, and will see targets I've long held for the daily count (this part is reserved for subscribers).
I see the possibility that we have already started that final wave up in this phase. However, I'm bothered that it doesn't line up and have 'confluence' with my target at $1. Nor, is the price action as I write consistent with a third wave starting. So it may simply be that we are in red B.
Also concerning is that the WXY correction may be a leading diagonal, which leaves the question whether it is A of iv or 1 of a five wave impulse to the downside. That downside can even reach to 4 cents. So be certain that 45 cents must hold, otherwise, if it is broken strong all hell will break loose.
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continue ripping our wallets i guess
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I don't see why not! It's great news that another cryptocurrency is getting the headlines, allows more and more adoption.
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Ripple is NOT a cryptocurrency
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@wildtrader yeah definitely because ripple is coming with Ripple's xCurrent which helps banks to settle international transactions by using blockchain to confirm transactions in real-time at each stage of a cross-border payment.
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Good one. Liked the way you investigate.
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ripple is the banks cryptocurrency
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I think ripple is asserting its dominance on the market. One of the few projects with a real use case and real value in my opinion. Still though, if bitcoin falls it will drop also
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no its just only a hype
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i dont think it is.
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