XRP’s action has been par for the course lately – not many convincing moves either way. The favored interpretation is bullish that the intermediate wave 2 is finished, and we are in the very early stages of intermediate wave 3. We should resume an uptrend after completing the current correction, which may already be done.
If prices move below the red line (under .229), then it means the larger wave 2 had not finished and the chart will need to be updated. Until then, I’m optimistically bullish.
Wave 3 price prediction: If intermediate wave 3 has started, the initial price target is 57 cents, which would be achieved during a general uptrend over the next few months.
Happy Trading!