1. We have finished the retracement, and have now begun the third wave to $1.5-1.6.
2. We have *not* finished the retracement, and will hit 0.7-0.8 before the next leg up.
The retracement would be lower than usual, but with BTC + the alts dumping, it wouldn't surprise me if we saw a lower retracement than usual.
Either way, it appears to be a solid investment. For a disclaimer, I will open a trade only if option 2 is correct. If not, I will be investing elsewhere ( BTC most likely).
I am a beginner; any tips/comments much appreciated.
Good luck :)
As we are currently going, it could be that XRP pumps back up along the wave count given in the chart. But this all depends on whether or not BTC takes a deeper correction. Everybody is relaxed - remember this is crypto. Breaks in dips are quite normal, we could push a little lower. For now, I am still bullish on XRP.