Chart of the Day: XRP

The current outlook is that wave 2 is a double zig zag likely near completion. If it’s not done, the blue line at the 50% retracement and prior consolidation range was the original target, and is still a good reversal point. A rally above the green line would help confirm wave 3 higher.

XRP

If wave 3 were to start from this point, the low end target would be around 56 cents (using absolute prices for calculation). Target on the high end would be over $1 (calculating based on percentages).

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