XRP EW Update 15/08/2022


Good morning

I already have a new idea for you.  You can keep yesterdays diagonal idea on the radar though, but I think the new idea is more likely :

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From the recent low we printed 5 waves up for 1 (or A). Then we printed 3 waves down for "W", then 3 waves up for "X". This count assumes that the "Y" wave that will conclude the correction will be a triangle (abcde).  We can monitor this idea in the next couple of days, it would put us currently in a (c) wave, the complexity of this wave seems to fit very well in a triangle.

If this count is correct the sideways action could continue the rest of the month with price action between 30 & 40 cents, and you have to see it as an "accumulation phase".  If you want you can use this period to buy some more XRP and other crypto on weakness, do not buy when there is strength.

So another idea to monitor in the next couple of days.

That's all for now.

Take care!

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xennevdl
xennevdl

trader / crypto investor EW specialist, counting $ES_F & $XRP no financial advice, for educational purposes


XRP EW Price Prediction by Xenne van der linde
XRP EW Price Prediction by Xenne van der linde

EW specialist, many years experience in counting waves counting XRP since the end of 2019 no financial advice, for educational purposes if you wanna support this blog you send some xrp to rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh tag 105818781

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