Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

[Music]
hello hello and welcome to another
update video about xrp the xrp chart is
basically on the smallest time frame
showing the same pattern as most other
coins we’re going to zoom in in a minute
zoomed out maybe we should start with
that on the one day chart
we can still see that the market is just
forming a huge corrective sideways
consolidation that started years ago
many many years ago it actually started
even before the last bull market because
I don’t even know if xrp really
participated in the last bull run it
wasn’t really um it didn’t even make a
new alltime high okay and that’s quite
concerning don’t know what’s going on
with this coin it’s um just moving
sideways I don’t even know if it
realized that the bull market is start
it so quite boring quite a lot of
sideways action at some point ideally it
starts to move up I shared with you in
yesterday’s update or few days ago that
there’s a chance that from this region
xrp starts the next wave up which would
be considered a y wave to the upside
yeah in in my structure I have to say
though I’m not it’s not a high
confidence pattern so this could easily
break down because it doesn’t really
give us that clear trend move that we
normally want to see in crypto and on
any chart there’s no five-wave pattern
Elliot wave really needs five wve
patterns to give clear probabilities
there’s nothing like that there is an
ABC structure in wave W there’s a WX Y
in an xwave and then there could be
another ABC in Wave Y maybe but key is
to understand I think that after this
rally which we had which sort of
reminded me of the um H bar rally that
we’ve just had I know it’s quite scary
um we have seen corrective pullback
finally with three waves down okay this
here this entire move that happened
between August and March was not really
completing any correction it was not
giving me any clear bottoming structure
okay now we have it okay now we have at
least this why I’m covering it again a
WX Y and we could say that
maybe the low is in or one more low but
we’re very close to potentially end
finishing this correction can’t confirm
it yet so we still need to consider
lower prices and if there is another low
we have to consider the price to touch
the 37 Cent level or maybe even
34.5 but at the moment there’s a
realistic chance that from here
somewhere in this orange support region
the price will show a reaction and move
away from it again as it did many times
before here but not really in impulsive
way yet so I’m looking at this move down
here as a c-wave of Y ofx could be
something different I mean we’re moving
in corrective structures plenty of
different possibilities here but
certainly nothing impulsive so if you if
you see any Elliot wave analyst who’s
giving you here impulses that’s pure
hopium okay pure hopium but there’s
nothing there yet so what we have at the
moment is a potential corrective rally
in Wave 4 which I could call an ABC
structure it reached the 100% extension
I think I remember from yesterday’s
video or the day before I mentioned to
you that we have reached here the
critical resistance area I think it was
um just below there and I highlighted
okay we could get one more High to reach
that 100% extension level in this case
57.6 cents that was reached small
reaction but not yet so strong that we
would say okay we breaking down actually
the altcoins are holding quite well so
while this is a three-wave move up it’s
potentially bearish but not guaranteed
bearish so what we need to see to assume
that a low has formed already cuz that’s
possible we need to see all these five
waves filled in now xrp hates five waves
X if xrp forms a five wave move that’s
time to celebrate okay this is only a
three-wave rally to the upside at the
moment even one more high would only
give us three waves then however we
would need another higher low and a
higher high and then we have five waves
they need to reach 65.6 cents for me to
believe that there is something bullish
going on here and then after five waves
up I have the confirmation that a low
has formed here and not only a local low
but a more substantial low this entire
move down could then have bottomed and
we could start a more substantial
uptrend
again so I’m not entirely sure how that
actually feels anymore on the xrp chart
if we are in an uptrend that would be
interesting um but yeah this is what we
looking for so five waves to 65.6 cents
there’s R realistic chance of doing it
chances are if other coins are doing it
xrp will follow form a five wave move up
and then uh yeah parameters are clear
obviously it needs to hold that 47 what
is that
47.6 Cent level here this wave too low
if that breaks then yeah we’ll likely
get one more low then xrp could attempt
another move up
yeah that’s my update about xrp hope you
like the update if you did please hit
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watching bye-bye

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Ripple XRP Price News Today Technical Analysis – Ripple XRP Potential! In this video I talk about the cryptocurrency XRP and talk about the crypto project Ripple. I carry out a price analysis. What is next for Ripple? I also talk about Elliott Waves.

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