That being said, Ive been following this market for years and I have always noticed that XRP lags a bit behind BTC . XRP is also one of the top altcoins that hasn't really had much growth compared to BTC . ETH has seen a good rise with BTC and it also looks like it is ready to pullback. But XRP hasn't really been doing much.
So take a look at this of XRP/ BTC and tell me what you think. Price is getting really close to the bottom trend of this triangle. Where historically it has increased in value rapidly. levels are oversold. Theres some strong divergence with the , unfortunately none with so it's a mixed signal. But it's a nice confluence area and this is crypto, so 500% in a month is not unrealistic.
Happy trading :)
Here's something that might coincide a little better with your target area (I produced this in hopes of extrapolating your point of view for target=2800) That green horizontal line isn't exactly the strongest zone to rely on, and all S/R zones are auxiliary to my main strategy. Also, it may not be evident to you, but my posted charts are Logarithmic. This one below is not; however, the trend-line still lines up along the same points and moves through the same area. This is a very strong signal.
1 Hour view again. This time with Logarithmic back on.
I added the green box region to give you, and anyone else a nice area to be comfortable buying. I also edited my fibonacci (it wasn't lined up correctly before.) Now the fib extension -113 is actually a little lower at 3145 SATs. And that -27 is at 2886 SATs.
Disclaimer: This is not financial advice. And anything you do is at your own risk.