🚨SI ripple:native is in a new trend, what should it look like? 🚨
Let’s look at the bullish scenario in orange. If XRP is starting a new trend from the .786 macro, the next wave should take us toward ~$1.78, which would complete the first 5 upward waves and give us our subwave 1.
📉From there, I’d expect a bigger correction for W2, targeting ~$1.30. Followed by subwave W3 targeting around $2.57. Ultimately, I’m mapping the full 5-wave structure toward $2.90. All of that would only complete Wave 1 of the much larger macro Wave 3.
The largest following W2 could then take us back toward $1.65, turning the resistance we’re struggling with TODAY into future support.
So, if this is the new trend that begins, there’s a very real possibility we may never see XRP below $1.20.
For now, I’m closely watching the resistance test. If this really is a new trend, that’s where XRP needs to start proving it!
$XRP
Let’s look at the bullish scenario in orange. If XRP is starting a new trend from the .786 macro, the next wave should take us toward ~$1.78, which would complete the first 5 upward waves and give us our subwave 1.
📉From there, I’d expect a bigger correction for W2, targeting ~$1.30. Followed by subwave W3 targeting around $2.57. Ultimately, I’m mapping the full 5-wave structure toward $2.90. All of that would only complete Wave 1 of the much larger macro Wave 3.
The largest following W2 could then take us back toward $1.65, turning the resistance we’re struggling with TODAY into future support.
So, if this is the new trend that begins, there’s a very real possibility we may never see XRP below $1.20.
For now, I’m closely watching the resistance test. If this really is a new trend, that’s where XRP needs to start proving it!
$XRP
