Ripple – The intended Target $ 6 to $ 10

4 thg 12, 2020

To analyze this coin in the 10-days chart, I put the chart in a logarithmic mode. In this chart, it is quite clear that the price has reached the range of $ 3.317 with 5 ascending waves, of which the first 5 ascending waves are over.

( 10 Days Chart )
Given this and by monitoring the existed complex corrective movement, we can predict another 5-uptrend in the 3 / C wave, which according to Fibonacci ratio the targets can be extended to the range of 3.36 to 6.61.
In the daily chart, with the end of 2 / B in the range of 0.1140, the upward trend has started, the first wave of which has ended in the range of 0.2361, the price is currently in the iv wave from point 3. Which is specified in the chart.

Finally, the 240-minute chart
By the end of wave iii from point 3, we had two corrective waves with a structure of 3 waves (iv wave).
Personally, I believe the price still is possibly in the corrective phase and is completing the Triangle pattern.
This scenario will be violated if the price can cross the range of 0.6813 and then in continuation break the range of 0.7900, in this case we can be hopeful of the price increase up to the range of $ 1.20.

(240 Minute Chart )

Overall conclusion:
Saving the Ripple for Long-term is highly recommended, and I personally try to keep this coin in my investment portfolio for future. I think the price target for a one-year period will be $ 8 to $ 10.