XRP Ripple Elliott Wave

21 may 2017

If it breaks upwards today, I can see it go up to 0.00032-35

22 may 2017

Nota

We now have a falling wedge formation which is usually a bullish pattern

22 may 2017

Nota

Watching carefully for a breakup around the marked target

23 may 2017

Nota

23 may 2017

Nota

Needs to break 0.00016 for a confirmed reversal

24 may 2017

Nota

Not making any calls yet. Safe re-entry is ONLY above purple line and if it closes above it on the daily.

24 may 2017

Nota

Another strong scenario to consider, a few more days of consolidation (a week or more) before uptrend resumes.

24 may 2017

Nota

compare this to DCR which had a similar dramatic rise and price correction. DCR is consolidating for weeks now and looks like it could break up very soon. I don’t think that XRP will consolidate for that long though.
DCR is another coin which has very strong fundamentals, development team and community support.

24 may 2017

Nota

So Bitcoin is ruining the party... again.

24 may 2017

Nota

25 may 2017

Nota

Bitcoin is truly racking havoc with Alts today and XRP's bull run might be suspended for longer then I've anticipated. I mentioned in my comments below that imho the symbiotic relationship between alts and Bitcoin is probably diminishing. After the initial shockwave, let's see how it plays out in the coming weeks.

26 may 2017

Nota

26 may 2017

Nota

Another birds-eye view, possibility of fractal repeating

27 may 2017

Nota

Wow, what a day!
We tested 0.00008921 again but didn't go much below it. following this possible scenario which takes us back on course:

29 may 2017

Nota

Next target 0.00012