XRP looks to be forming one huge expanding diagonal for the entire bullrun. It is common for the 5th wave of an expanding diagonal to be truncated. I show target prices of $8.8 to $13.8 for this scenario.
I would point out, to be valid the 5th wave must be greater than the 3rd wave for a valid expanding diagonal, which occurs at a price of $2.4
Another possible scenario, is XRP does a throwover, which means going past the line. This would fit with a target price of $27.
**How am I getting these price targets?**
**XRP linear fibonacci**
On this chart, I show that a 4.236 fibonacci gives a price target of $13.8 .
And I show price targets, by playing around with the fractals of 2017. Low end is $8.8.
**XRP logarithmic fibonacci**
I threw a channel over the entire history of XRP.
Notice that $13.8 hits the median line of the channel. I found that interesting.
On this chart, I show the logarithmic fibonacci values of 2017. It seems obvious to me, that in 2017, the logarithmic fibonacci was a great match. So in 2022, a 1.618 logarithmic fibonacci would give $27. As I said, a throwover of the expanding diagonal could get you there. But who knows.
I would point out, to be valid the 5th wave must be greater than the 3rd wave for a valid expanding diagonal, which occurs at a price of $2.4
Another possible scenario, is XRP does a throwover, which means going past the line. This would fit with a target price of $27.
**How am I getting these price targets?**
**XRP linear fibonacci**
On this chart, I show that a 4.236 fibonacci gives a price target of $13.8 .
And I show price targets, by playing around with the fractals of 2017. Low end is $8.8.
I threw a channel over the entire history of XRP.
Notice that $13.8 hits the median line of the channel. I found that interesting.
On this chart, I show the logarithmic fibonacci values of 2017. It seems obvious to me, that in 2017, the logarithmic fibonacci was a great match. So in 2022, a 1.618 logarithmic fibonacci would give $27. As I said, a throwover of the expanding diagonal could get you there. But who knows.