In the previous bull cycle, XRP got rejected at the 0.702 Fib level in April of 2017 but once XRP finished correcting, and it broke the 0.5 Fib level in May of 2017, the price exploded to the top of the full Fib extension.
Right now we are seeing the same. The price got rejected at the 0.702 fib level in the month of April 2021 and we are slowly retracing back, just under the 0.5 fib level like we were in 2017. May is also just around the corner (historically a bullish month for cryptos). Once we break the .5 fib level like we did in May of 2017, I expect the price to hit the full fib extension in May of 2021 which is above $10.
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Right now we are seeing the same. The price got rejected at the 0.702 fib level in the month of April 2021 and we are slowly retracing back, just under the 0.5 fib level like we were in 2017. May is also just around the corner (historically a bullish month for cryptos). Once we break the .5 fib level like we did in May of 2017, I expect the price to hit the full fib extension in May of 2021 which is above $10.
If you like this idea, please like and comment below.