Just an attempt to count Elliott Waves for XRPEUR from 2017-12-12 to 2018-01-06.
If wave 5 of the minor wave (the bold cyan one here) is correct a minor correction scheme (purple ABC) should follow before we move up again with the next impulse wave (purple 12345, which time range I made shorter in order to make sure you can recognize the wave counting better).
Bình luận
⋅
The last waves could also be counted as contracting 5-3-5-3-5 triangle:
Based only on market cap, I expect XRP keep bouncing in between 1.8 and 2.8 for a couple of months otherwise the total Cryptos Market will require an exponential growth.
Nevertheless, I also think that we see more side movement as the market is unsure if the correction is over, yet and how the use of XRP within financial institutions will affect it's demand on the free market.