Ripple with SEC We see that the ideas that Ripple will win the case are intensifying.
Recent court decisions in favor of Ripple XRPCEO of cryptocurrency platform Evai Matthew Dixonmade a post about the XRP price.
On the 4-hour chart of XRP Elliott Wave TheoryNoting that the formation of XRP He wrote that he expects a bearish wave.
Stating that XRP must first decline in order to recover and pass the $ 0.6 level, the famous name stated that he expects XRP to fall to $ 0.34 before recovering.
Dixon stated that according to the Elliot Wave theory, XRP will have a small upward movement of XRP’s “X wave, the last bullish wave,” followed by a downward “Y wave, or corrective bearish wave.”
Dixon added that he expects XRP to recover after the Y correction wave, adding that this drop offers a buying opportunity for investors.
“I am waiting for XRP to complete up wave followed by Y downwards.
I expect XRP to recover after this drop. I also think that this decline is a buying opportunity for investors.
This is once again an EXCITING time to be in the cryptocurrency market. Don’t miss this opportunity!”
No need to update labeling on #XRP as its following our projected path to the letter. On completion of the X wave up, then Y to the downside, there should be some excellent risk reward ratios on offer. This is once again an EXCITING time to be in #CRYPTO Don’t miss the boat… pic.twitter.com/zxn5y04sHE
— Matthew Dixon – CEO Evai (@mdtrade) May 23, 2023
XRP, which started in January 2023 and went up to $ 0.58 in the rally, continues to be traded at $ 0.450 at the time of writing.
*Not investment advice.
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