As we've seen XRP rapidly plummet, many got scared and asked when and if it was going to recover.
In this analysis of mine I came up with my own idea of what is going to happen in the next coming days.
I believe the correction is quiet close to being complete according to the Elliot Wave Principle which clearly has been conducting xrp's price.
As you can see the five waves impulse completed topping at $3.5. From there, for the elliot wave principle to be validated, a correction was required. And a correction promptly came along and it is now at its late stage. Once completed we should see XRP going up again. It is now sitting between 1.8 and 2 dollars yet I believe there is room for one more dip to around 1.5 or close to the lower point of the triangle before we see it rocketing again.
Hope you enjoyed reading this analysis of mine. If you did you might want to consider supporting by upvoting and/or resteeming this post. It would mean the world to me!
As always, happy trading and be safe!