XRP Fib Extensions (Medium term price targets)

KRAKEN:XRPUSD   Ripple / U.S. Dollar

Fib extensions are more of an art than a science, but their best application is in blue sky territory, which is where we find XRP right now. I started the fib at the .25 USD breakout which is where the party really got started. The next two points are at the swing high at .90, then back down to the bottom of the consolidation at .65 USD.

You can see that we hit a speed bump around the .618 extension right now. The downward purple trendline is a possibility for another pullback area before the next leg, but I don't think much of it because right now on the 5 min chart we are forming a bull cup between .95 and 1.10 USD. If it does, .90 is strong support as evidenced by the previous high and rising purple trendline .

Given the chart strength right now , my money is on blasting through 1.10 and heading towards the measured move (100% fib extension) at 1.30. We will likely have a more considerable pullback at that point. The next target after that is 1.70 at the 1.618 fib extension. After that, it gets really interesting, and if we get up there, I'll post again and reveal the next target numbers (they are HIGH).

Best of luck and don't chase.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out