#### Crypto Contest February 6: XRP
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XRP (Poloniex: XRPUSD) has broken out of the triangle pattern in the weekly chart.
[![nimet-n.png](https://i.postimg.cc/Fs3Xg0FY/nimet-n.png)](https://postimg.cc/nCFWnjDx)
(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.
[![nimet-n2.png](https://i.postimg.cc/13zhx2cq/nimet-n2.png)](https://postimg.cc/N5ZPmNns)
(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.
<iframe width="560" height="315" src="https://www.youtube.com/embed/HuUagKAEQwU" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
(Sources: https://ripple.com/xrp/)



**How Will XRP Trade?**

XRP (Poloniex: XRPUSD) weekly chart by Tradingview.
[![nimet-n3.png](https://i.postimg.cc/5NP3k248/nimet-n3.png)](https://postimg.cc/CzqkRYfK)
(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](https://dpoll.xyz/detail/@maarnio/crypto-contest-february-6-xrp/).*