As we've seen XRP rapidly plummet, many got scared and asked when and if it was going to recover.
In this analysis of mine I came up with my own idea of what is going to happen in the next coming days.
I believe the correction is quiet close to being complete according to the Elliot Wave Principle which clearly has been conducting xrp's price.
As you can see the five waves impulse completed topping at $3.5. From there, for the elliot wave principle to be validated, a correction was required. And a correction promptly came along and it is now at its late stage. Once completed we should see XRP going up again. It is now sitting between 1.8 and 2 dollars yet I believe there is room for one more dip to around 1.5 or close to the lower point of the triangle before we see it rocketing again.
Hope you enjoyed reading this analysis of mine. If you did you might want to consider supporting by upvoting and/or resteeming this post. It would mean the world to me!
As always, happy trading and be safe!
thank you for your good post keep it up
@ashistirkey thanks buddy, really appreciated!
If you look at the chart with technicality, sure but if you look at how Ripple got its price this high in the first place then you will realize that it will stagnate and if it does move it will be slow. The rumor with Coinbase is squashed and no new news with Ripple since their conference...so nahhhhh
Most likely going to go towards 1 satoshi, what it's actually worth considering the amount of tokens and how big a pile of shit it is as a coin.