Crypto Contest February 6: XRP

Crypto Contest February 6: XRP

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XRP (Poloniex: XRPUSD) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, XRP began a wave one advance in September 2014. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2019. If this wave count is correct, XRP should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

XRP is the native cryptocurrency of the XRP ledger which is an open source distributed ledger which was initially developed before Ripple labs. Coin Bureau reviewed XRP earlier this year.

(Sources: https://ripple.com/xrp/)

How Will XRP Trade?

XRP (Poloniex: XRPUSD) weekly chart by Tradingview.

(Chart courtesy of Tradingview.com (log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices.

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• XRP will takeout the October 2019 peak

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• XRP will drop below the December 2019 low

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• XRP will stay in a trading range between the December 2019 low and the October 2019 peak until March 12

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Answer the question at dpoll.xyz.