jammyjimbo

Ripple $XRP - Weekly Chart - target ~3,600 sats

Short
POLONIEX:XRPBTC   XRP / Bitcoin
Ripple xrp is one of the few old assets where 2017/18 pump matched the earlier 2017 pump in bitcoin 6.64% terms - most others older coins showed lower highs. This is probably because of the XRP media attention, a lot of new retail buyers and now bag-holders. Coinbase no mention, lots of "security" news - scares holders. Increasing discussion about how XRP not strictly needed for ripple tech. The FA sucks and brings into question why its at the top. But all this has been that way since its launch, for years, and yet here it still is.

Busted through 0.61, no trendlines to help and the cluster of support its on now will likely break i think, unless we get some very interesting bigger market action (a massive alt rally).
Indicators showing room below and BB around the MACD suggests a big move imminent.
Target around the 0.88 but would not be surprised to see panic spikes to the trend-line or ~2k satoshis.
Higher label reads "last hope", lower one "target"

I am not shorting, just looking at buy targets.
Comment: Area of last hope broken and now resistance - target remains.

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