zwa2
Long

Slow Climb, Followed by a burst? XRP

KRAKEN:XRPUSD   XRP / U.S. Dollar
Looking at the chart, we see some similarities in term of set up from the last breakout up to the 48 cent level or so. After this burst, it seems we have settled around the.38 cent level. It looks like this base is established (touching this level a couple times) If we sort of follow the pattern in the first set up, we could find ourselves slowly moving up at first probably hitting .42 cents and higher. After this slower climb We could see the price jump up (especially and perhaps only if BTC makes it to 10thousand plus on the next move up) If we followed this pattern, I could see us hitting .75-.80 cents at the peak of the next move upwards.

What are your targets?
May 30
Comment: If we follow the pattern that came before, the drop here was expected and it hit the level I would expect it to. Look at the arrows and where that played out. It means this should be the time right before the burst upwards. Bullish IMO (if going by fractal, pattern recognition).

I would expect us to grind back upwards towards 44 cents or so, before an explosive move which would take XRP to .70 cents or so.

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