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GlobalTrader_
May 20, 2022 2:29 AM

$XRP at the best buying opportunity!  Long

XRP / BitcoinBinance

Description

This is the best buying dollar cost averaging into XRP since 2016.

XRP price is sitting on the grey area which is the FIB bottom. We have been here for quite awhile and this chart has only been able to pick it up with the data we have. Currently following 2015-2017, which it is currently extended now.

To find the top we use the yellow line which indictates market tops time to sell, When price of XRP is above the yellow line you start dollar cost average out of the position.

The yellow line is currently 18X from current prices however that line will keep moving up when we are closer to the bottom.
Comments
RedMegaMan
Nice fractal i agree, but wouldnt say best buying opportunity, seems like thwres a lot more to the down side... A lot.. :(
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