GrantPeace

Ripple (XRP) Retracement

BITSTAMP:XRPUSD   Ripple幣 / 美元
XRP has repeated this sequence 4 times, almost to perfection.

The first consolidation period lasted for approximately 9.5 days and resulted in a 533% rally from the previous ATH             pivot .
A retracement of 78.6% ensued throughout the second sequence.

The second sequence lasted 5 times longer than the first consolidation period and resulted in another 533% increase from the previous ATH             pivot .
A retracement of 78.6% ensued throughout the third sequence.

The third sequence lasted 5 times longer than the second sequence and resulted in (yet again) another 533% increase from the previous ATH             pivot .
I expect another 78.6% retracement to occur. This will put the price of XRP below 1$.

評論: The spike higher than the 533% level was a result of buyers continuing to purchase out of emotion, creating overbought conditions.
評論: Accounting for the slightly higher pivot (not calculated using the all time high), the retracement target is approximately 87c. This is the revised price.
https://www.kenzing.com

相關想法

nice chart man!
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Could this mean that XLM/USD could show the same pattern, since the charts look a lot alike?
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@GrantPeace any update please? Thanks
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Repeat post of end Dec - this is too coincidental that the retracement figs are exactly the same if it were close to the previous figs fair enough but not exactly the same please explain in detail why this happens 4x to the exact same numbers?

I've bought since yesterday as the price has dropped with my last buy at 2.0 but now I'm thinking of selling and maybe getting back in if it falls below 1.0? Any thoughts or would you hold?
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awesome charting. Take a bow.
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Good call, so your bearish till march? 83 cents in march? Just wanna make sure i understand hehe. Thanks for sharing mate cheers, would love to see more charts from you
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You called it haha
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Hey how is this prediction working out for you? Ripple is at $3.12.
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@MFINITI, Great...
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Goztrak MFINITI
@MFINITI, rofl byeee
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