In this article, we will how we forecasted the recent rally in XRPUSD. A lot of participants turned bearish on Crypto-currencies back in July but we knew Ripple (XRP) was at an extreme area and it was only a matter of time before it turned higher. Let’s look at the chart from back in July
XRP USD 4 Hour Chart from July, 2021
4 Hour chart from July 2021 showing price has reached a blue box area where we expected buyers to appear to resume the rally or produce 3 waves bounce at least.
XRPUSD 4 Hour Chart from August 23, 2021
4 Hour chart from August 23, 2021 shows buyers appeared in blue box as expected and it put in a strong rally nearly doubling in price. Still looking for 1 more high to complete 5 waves up from blue box low before a larger 3 waves pull back takes place before the rally continues.
