Folks remember that as we get these pull backs, the only thing that can invalidate any type of upside move would be an invalidation of this 45 cent support zone.
From here we could create an ascending triangle if price holds at 50 cents as previously mentioned. Or a bullish flag pattern if we test slightly lower, as low of 45 cents.
While MACD is crossing on the daily, keep in mind we have a WEEKLY MACD cross to the upside which is very bullish. I am anticipating that ripple will fail to break 45 cents on the downside and we will get a run at $1. If we look at the volume profile, we can see that as soon as we break 60 cents, we have some room to run.
Still holding, you could even add at the bottom of this channel here from 45-50 cents if you didn't get in.
Happy hodling,
-Sherem
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Please like to show your support.
Also keep in mind if we go into full bull run mode we will get a test of the ATH's again, if not higher.
The party for XRP is over for this week and there is nothing to do except pick up the empties and the overturned furniture. If XRP doesn't hold at $0.44, then it is headed back to $0.34 which is in my buy zone. Just my 2 cents worth. :-)
Sherem
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@BDG, Yeah, it might just go sideways from here before a move up, but I doubt it breaks 45 cents. Of course, if BTC and ETH break down ripple goes down with them.
braddles69
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@BDG, sorry, the party has just started, held well on the ascending triangle support line and once the xrapid news is digested and more partners are forthcoming...well, moon, lambo and yacht....;)
BDG
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@braddles69, my predictions for XRP are for October. You won't reach the moon or a lambo or a yacht with 100 billion tokens where the more tokens can be created at any time. XRP is a fiat token. That's why the bankers love it and want to adopt it. You are exchanging your iron chains for steel chains.
Larrycrypto
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@BDG, It has 39 billion in circulation and all the coins have been already mined, they cant create any more.
BDG
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@Larrycrypto, and who is holding the 61 billion XRP that are not in circulation? This amounts to 61% of the XRP tokens.
Larrycrypto
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@BDG, 55 Billion is in Escrow, so they plan to release upto 1 Bill per month over 55 months. I believe if the 1 billion is not fully sold the left over gos back into Escrow each month.
braddles69
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@BDG, for October I still think $1 is easily achievable, as for moon and lambos, slight joke, but some of us are not day traders, we are holding for 5-10 years, and likewise, some people see chains, while others see freedom of monetary movement, and security...."but the truth is that cast iron has a more compressive strength, and steel is more tensile. ." wiki...;)
Ok ready for the liftoff to $1 now :-)