Ripple (XRP) Retracement

BITSTAMP:XRPUSD   Ripple / Dollar
XRP has repeated this sequence 4 times, almost to perfection.

The first consolidation period lasted for approximately 9.5 days and resulted in a 533% rally from the previous ATH             pivot .
A retracement of 78.6% ensued throughout the second sequence.

The second sequence lasted 5 times longer than the first consolidation period and resulted in another 533% increase from the previous ATH             pivot .
A retracement of 78.6% ensued throughout the third sequence.

The third sequence lasted 5 times longer than the second sequence and resulted in (yet again) another 533% increase from the previous ATH             pivot .
I expect another 78.6% retracement to occur. This will put the price of XRP below 1$.

Komen: The spike higher than the 533% level was a result of buyers continuing to purchase out of emotion, creating overbought conditions.
Komen: Accounting for the slightly higher pivot (not calculated using the all time high), the retracement target is approximately 87c. This is the revised price.
Komen: Target Achieved.
Komen: 87c Spot on.
Komen: Possibly another opportunity for an entry coming up! $
Komen: Aright, time for another entry back up to 2$! Idea to come soon!
XRP hit your target. Any future TA?
GrantPeace rsatzerro
@rsatzerro, next target is 2$ again. I will post an idea soon.
Jour GrantPeace
@GrantPeace, Hi,
what is your time frame for that? THX in advance.
@Jour, that is a golden question!
Hi could you please update?
Thank you.
so it already touched low on the 16th? This is before the breakout phase now?s
C'mon Grant! Get in!
+1 Balas
I was waiting for your update :)
+1 Balas
GrantPeace joshwoodcock
@joshwoodcock, We could see oversold conditions where the coin falls lower than 83c.
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