XRP significant fib extensions and retracements

15 thg 8, 2021

Here is some analysis ive done on the xrp chart for the last bullrun up to date, I have tried to focus on fibs on the daily timeframe where ive used specific targets based on uptrends and downtrends, I use the 20 and 55 ema crossover to determine the trend and the fib extension/retracement tool to show the targets. The last bullrun saw a double blow off to the 2.618 extension and we are now seeing diminished returns so primary target is the 1.618, however, targets of between the 1.618 and 2.618 are due to the potential for the lawsuit to settle before the end of the bullrun