Ripple Approaches 0.618 – 0.786 Fibonacci Retracement Levels
Gregor Horvat | Sep 07, 2021 05:58AM ET
Ripple (XRP/USD) made a bigger recovery, but we still see it as a correction, probably as part of wave B of (C), so be aware of a reversal down again, ideally here around 0.618-0.786 Fibonacci retracement.
However, even if a higher degree wave (C) is completed labeled as ALTernate count and if current recovery is already wave (D), then we still need to see another, maybe final slow down for wave (E).
Ripple Daily Elliott Wave Analysis #1
Of course, at this stage we also must consider COUNT #2, where XRP can be already unfolding impulsive five waves up if manages to stay above strong trendline
Ripple Daily Elliott Wave Analysis #2
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