XRP looks like it's tracing out a fairly rare nested expanding leading diagonal pattern.
The first expanding leading diagonal can be seen in blue.
The second expanding leading diagonal can be seen in yellow. This pattern may already be complete but could also see a little more movement to the upside -- to $1.50 or so.
Next up would be a fairly sizable red wave 2 retrace to somewhere around the $0.50-$0.75 level. This retrace will set up a beautiful 1/2, 1/2 Elliot Wave pattern, meaning the next move will be a strong move to the upside in a very bullish red wave 3.
XRP has been lagging behind in this current bull run and it looks as though it may be on the cusp of making up for lost time!
**Not financial advice
The first expanding leading diagonal can be seen in blue.
The second expanding leading diagonal can be seen in yellow. This pattern may already be complete but could also see a little more movement to the upside -- to $1.50 or so.
Next up would be a fairly sizable red wave 2 retrace to somewhere around the $0.50-$0.75 level. This retrace will set up a beautiful 1/2, 1/2 Elliot Wave pattern, meaning the next move will be a strong move to the upside in a very bullish red wave 3.
XRP has been lagging behind in this current bull run and it looks as though it may be on the cusp of making up for lost time!
**Not financial advice
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