XRP / TetherUSShort
XRP / USDT expanding diagonal
The XRP / USDT pair looks like it is forming a expanding diagonal.
The target for the 4th wave is in the darker Red triangle section, where it has to dip back into the wave 1 territory.
The Wave 5 target is significantly higher close to the $2 mark.
This is likely either a C wave or the start of a new impulse on the macro degree.
I suspect this dip for wave 4 will happen in conjunction with BTC pulling back from around the 55k level to complete its wave 4 before pushing for the 60k level.
See the link for the related BTC analysis.
The target for the 4th wave is in the darker Red triangle section, where it has to dip back into the wave 1 territory.
The Wave 5 target is significantly higher close to the $2 mark.
This is likely either a C wave or the start of a new impulse on the macro degree.
I suspect this dip for wave 4 will happen in conjunction with BTC pulling back from around the 55k level to complete its wave 4 before pushing for the 60k level.
See the link for the related BTC analysis.
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