Ripple will do an intermediate move soon
XRPBTC is falling as I predicted here:
Now, many are waiting for the big ripple breakout.
When will XRP finally start to follow BTC?
Well, if we look at the volume profile and the big falling (bullish) wedge,
we see that there are basically two very important support zones.
The 1st one is reight now at this very level, at 2900 sats.
If we don't get a strong bounce here, I think XRPBTC will further decline to the next very strong support are, which is historic support.
The falling wedge would thus end in early 2020 at around 1000-1300 sats, which is very strong support.
I think that then we will finally see XRP rallying. The likelihood for a strong rally now is quite low imho, but not impossible.
We might get a smaller intermediate rallly up the the resistance of the falling wedge though. But breaking through that resistance: Not too likely imho.
But longterm, 2020, XRP will be pretty awesome.
Now, many are waiting for the big ripple breakout.
When will XRP finally start to follow BTC?
Well, if we look at the volume profile and the big falling (bullish) wedge,
we see that there are basically two very important support zones.
The 1st one is reight now at this very level, at 2900 sats.
If we don't get a strong bounce here, I think XRPBTC will further decline to the next very strong support are, which is historic support.
The falling wedge would thus end in early 2020 at around 1000-1300 sats, which is very strong support.
I think that then we will finally see XRP rallying. The likelihood for a strong rally now is quite low imho, but not impossible.
We might get a smaller intermediate rallly up the the resistance of the falling wedge though. But breaking through that resistance: Not too likely imho.
But longterm, 2020, XRP will be pretty awesome.
Comment:
The intermediate XRPBTC is indeed happening because XRPUSD is remaining stable, while BTC is dumping. After BTC starts pumping again, XRPBTC will decline further to the last big support.
Comment:
We are on the way to the big 1000 sathoshi VPVR support:
So, if btc continues pumping, this means XRP will start with the spike that everyone is waiting for, around the 20k area. So if BTC hits 20k-ish, XRP will start. And it will be massive.
So, if btc continues pumping, this means XRP will start with the spike that everyone is waiting for, around the 20k area. So if BTC hits 20k-ish, XRP will start. And it will be massive.
It all depends on what kind of surprise BTC has in store for us :)