This is a weekly price action idea. I believe we will consolidate until September and begin to break out to .55 cents up to 1.00 by the end of the year to mid first quarter of 2020.
XRP enjoys stable growth. Hindsight tells me we could be making a double bottom with a left and right shoulder marked by the blue boxes. I have also marked both Adam and Eve higher price points. Because many speculators are looking to break above .50 cents, this could create multiple chain pumps that lead us into a bearish flag up to $1.00 USD. That being said, I will assume that many bears will be locked in at the dollar mark and cause a corrective push back in price down to .80 cents or .76 cents by the end of the first quarter of 2020.
I hope you enjoy this idea and keep in mind the IMF stated that their networks will be ready by 2020. I am very excited for 2020 and will be watching every step of the way : )
XRP enjoys stable growth. Hindsight tells me we could be making a double bottom with a left and right shoulder marked by the blue boxes. I have also marked both Adam and Eve higher price points. Because many speculators are looking to break above .50 cents, this could create multiple chain pumps that lead us into a bearish flag up to $1.00 USD. That being said, I will assume that many bears will be locked in at the dollar mark and cause a corrective push back in price down to .80 cents or .76 cents by the end of the first quarter of 2020.
I hope you enjoy this idea and keep in mind the IMF stated that their networks will be ready by 2020. I am very excited for 2020 and will be watching every step of the way : )