We just came off a 5 part Elliot wave with an ABC correction. This is my projected drawing for xrp to follow.
Given the most recent announcement of Money Gram partnership I expect XRP to continue this pattern.
Also Ripple has said it had 3 big partnerships announced. This was 1 of 3. In addition Q4 numbers are being released very soon so I expect an increase there as well. With XRP's fast transactions, low fees, and ability to expedite the entire money moving system I don't see how they won't corner the market.
We will see real growth if/once XRP is able to break away from BTC! Exchanges could add XRP as the new payment pair very soon if this happens as well. I also see this happening b/c of recent news that China plans to shut down all mining of BTC, and they are talking with Ripple and TRX.
If this happens we will see a fall of BTC in my opinion and maybe some coins will break away and be used as the new standard.
This is my opinion. you don't have to agree with it, any constructive criticism is welcomed as I'm always looking to learn as much as I can.
Thanks and enjoy.
updated image shows it's drawing closer to decision time. getting squeezed in the triangle, and will either breakout for wave 3 or break down for further correction. seems odd that the price is being driven down given all the good news. almost seems purposely kept down.