From the IPO of XRP back in 2013,It has risen in an uptrend from the lows of 0.00275 in July 5th 2014 to the highs of 3.3$ in January 5th 2018.This up move can be seen to be consisting on 5 waves hence the apparent Major Impulse.
A retracement ensued in 3 major corrective waves from 3.3$ in January 2018 to 0.11400 level as at 18th March 2020.This retracement to the downside retraced 50% of the initial Impulse (0.00275-3.3$) at the level of 0.11400. which coincided with the previous Fourth wave of the prior impulse wave. This retracement could be seen as a second wave Cycle retracement 50% level.
From 0.11440$ the uplift went to 1.96$ as at 21st April 2021,Then a 78.6% retracement in June 2022 to 0.28$.Since the its been working out itself in the consolidation printing higher highs and higher lows.
July 5th lows of 0.38 stands as the focal point of view in this current uplift.
XRPUSD AT MORE THAN 5 $ IS MORE THAN LIKLEY IN THIS COMING ALTCOIN SESSION.
A retracement ensued in 3 major corrective waves from 3.3$ in January 2018 to 0.11400 level as at 18th March 2020.This retracement to the downside retraced 50% of the initial Impulse (0.00275-3.3$) at the level of 0.11400. which coincided with the previous Fourth wave of the prior impulse wave. This retracement could be seen as a second wave Cycle retracement 50% level.
From 0.11440$ the uplift went to 1.96$ as at 21st April 2021,Then a 78.6% retracement in June 2022 to 0.28$.Since the its been working out itself in the consolidation printing higher highs and higher lows.
July 5th lows of 0.38 stands as the focal point of view in this current uplift.
XRPUSD AT MORE THAN 5 $ IS MORE THAN LIKLEY IN THIS COMING ALTCOIN SESSION.
註釋
Also the correction from 3.3$ could be unfolding as a bigger ABCDE structure on the weekly TF having ended wave E at 0.38 in 5th July 2024 and hence the current uplift.
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