Elliott Waves And Price Prediction

Points:
-Since the retracement from $2 to $0.5 fell below the wave 1 high (by 36.5%), that invalidates the pump to $2 being the 3 wave. Therefore the pump to $2 was the first wave of wave 3.

-ETH 50x'd in it's 3 wave, ADA 32x'd and BTC 16x'd. If the pump to $2 was the 3 wave, XRP would've only done a 10x making it more unlikely that said pump was the 3 wave.

-XRP is a known lagger, making it likely that XRP hasn't hit it's 3 wave yet while other coins have.

-Wave 1/2 of wave 3 have been completed, as shown by the 5 impulse waves up (orange) and the ABC correction down (blue)

-With the lawsuit holding XRP's price potential back, we could easily see XRP hit $27 as the price goes parabolic when settlement news releases, especially if the news of a settlement comes during the 3 wave or 5 wave.

-If the 3 wave hits the 2.272 extension and retraces to the 0.382 then the 5 wave hits the 1.618, the price target of $27 would line up with the market cycle fib (Bull mkt top/Bear mkt bottom) of 1.618 AND the wave 5 1.618 fib EXACTLY.



Chart:
Main waves:
-Purple boxes
-Purple wave lines

Sub waves:
-Black boxes
-White lines