GrantPeace

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$! Idea to come soon!
https://www.kenzing.com
XRP hit your target. Any future TA?
Balas
GrantPeace rsatzerro
@rsatzerro, next target is 2$ again. I will post an idea soon.
Balas
Jour GrantPeace
@GrantPeace, Hi,
what is your time frame for that? THX in advance.
BR
Balas
@Jour, that is a golden question!
Balas
Hi could you please update?
Thank you.
Balas
so it already touched low on the 16th? This is before the breakout phase now?s
Balas
C'mon Grant! Get in!
+1 Balas
I was waiting for your update :)
+1 Balas
Target?
Balas
GrantPeace joshwoodcock
@joshwoodcock, We could see oversold conditions where the coin falls lower than 83c.
Balas
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