I've been closely monitoring the price action over the last month and I believe XRP has been quietly accumulating and is getting ready for a breakout.
The XRP/USD chart was looking strong when BTC had its breakout but for most of April the trading has been trending downward with no clear indication of what it will do next.
For that reason I analyzed the XRP/BTC chart and it paints a much clearer picture.
Right now XRP/BTC is trading above the .236 Fib in white, which is a strong support when using the full price range. There's multiple potential baseline supports that would be validated with a reversal at these levels while coinciding with the .236 Fib reversal. XRP has demonstrated it isn't afraid to go against the grain if BTC drops.
In April, XRP was consistently in oversold territory according to the and the has indicated a crossover with significant upside potential. I'm hesitant to make trades based off of those indicators alone, however when the is oversold and the is showing a crossover, the likelihood that the is going to move upwards is favorable.
XRP is one of those tokens that can be frustrating to long term holders because while everything is speculative and other alts are having 50-100%+ returns (with no real rhyme or reason TBH), XRP kinda drags along and has been known to drop even with positive news.
That said, when XRP takes off the word parabolic comes to mind.
Currently we're trading in the green oval and it's an ideal zone to accumulate XRP. The red circles are target sell zones based upon horizontal support turned resistance (teal), upper (orange and green), a cross section (yellow) and the .382 Fib level (white).
I don't believe XRP is going to go parabolic (over $1 USD) in the next 90 days but I would anticipate it reaching anywhere between $0.40 - $0.78 before a reversing and retesting the thickest green baseline.