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XRPUSDT Analysis for SEP,30 2024

 

XRPUSDT completed wave 2 (circled blue) and headed for wave 3. If the count is right then we will continue progress to the wave 3 position. 

The Elliot Wave chart below suggests that sub wave 3 has been hit at 0.632, we will expect a triangle formation for the wave 4 position before we continue to make progress.

There is a bearish alternative which has been indicated in the second chart below.

 

 

 

This bearish alternative will see for further weakness for wave 2 and ultimately take us to 0.4 region.

 

 

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