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XRP may be about the main bullish collapse – but only after Anmpto Anmetut Ascent as a necessary and temporary correction. In a new video analysis published on May 28, the experienced trader warned that the decrease towards the 2.13 level appears to be increasingly likely, but stressed that this step is appropriate for the larger Elliot wave structure and will not nullify the macro setting.
XRP group to drown before the explosion is higher?
“I said that $ 2.71 was on the deck – and we hit $ 2.66,” called the quantum asceticism, with a sign of the prediction that was made earlier in May. “I have been five cents away. But now, we seem to be a state of correction.
He explained that the confusion stems from the structure of what appears to be a complete step of five waves. Although the third wave in the Elliott wave style is the longest, the analyst notes the contradictions in the current composition that ensures a deeper technology review. However, the total structure – especially on the weekly graph – includes intact.
He said: “You can see two three times over a period of four times.” “This is one single micro print. The third wave should make us go outside this area.”
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Exmparting in time frames for 12 hours and daily, the quantum ascension referred to ABC corrective pattern It is now possible that it will be revealed, with the wa wave is expected to be equal in length. According to its measurement, this indicates a goal on the negative side from 2.12 to $ 2.13, which is in line with the level of tension 0.5 Fibonacci from the previous driving wave and also coincides with the fourth wave of the previous step – from the area Strong support.
“For me, this looks really good as a place for us to relax. Perhaps a little side consolidation,” he said. “But I expect the next step to start.”
It was determined that the collapse of less than $ 2.13 will not constitute a structural failure: “I find it really difficult to think that XRP will return to less than two dollars here in this step.
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The quantum ascension also highlighted the comparative strength of the XRP for the broader encryption market, noting that it has recently identified the highest level higher than most Altcoins. Structurally on the larger time frame, XRP holds a lot Stronger From the market.
The analyst, who revealed that he originally bought XRP about $ 0.50 and sold a large part over $ 3, said he was still optimistic in the long run and continues to keep XRP as an essential part of its wallet. He said: “This was good for me.” “Once again, I see temporary drop -down – but it’s temporary. It is temporary.”
Currently, all eyes remain at the level of $ 2.13. If XRP keeps this area and confirms support, then ATMMENT Ascent believes that the new upper upward 4 can start soon – those that take the distinctive symbol over the 2.80 dollar sign.
At the time of the press, XRP was traded at $ 2.29.
Distinctive image created with Dall.e, Chart from TradingView.com
