Wolverinos

final stage for XRP's decision

BITSTAMP:XRPUSD   XRP / U.S. Dollar
So much to tell about what's happening in Ripple, and much uncertainty, but I'll try to make it short.

One thing I couldn't demonstrate here, is a comparison between the USDT and the BTC chart, because it looks identical !
Many bullruns in altcoins come in 3 steps, not real waves or cycles, because they always go back to the means and are reborn.
In this case we are at the beginning of the 3th step, which is one which could be shorter one than the previous one as the second one was shorter than the first one as well.
If this happens, XRP seems not going much up in BTC value, but still in real USD(T) value, due to bitcoin going much higher than previous highs, which could significantly increase the total market. Hereafter my longterm chart in which it is very clear that a 3th step could be commencing... understand that there we talk alway about probabilities on longterm predictions for sure !

In general I believe XRP is moving individually, and has its own supporters and investors.

The reason why I believe this is still a very interesting moment, is the break out of the descending wedge on the daily chart on the right. It broke out on a technical ideal spot and broke through the 200 EMA as previously mentioned in my chart and it is hovering right on it, on a level which is 100% more than 10 days ago, I repeat... 100%, double, not 10 or 20%, from 10 to 20 billion usd! On the left is a symmetrical triangle with a slight upperhand from the bulls. What is interesting to watch is how clear it is hanging there... with almost no volume !! That means the bears are mostly out and there is no battle between bulls and bears ! Because it's the end of the triangle, volume should shoot up from here. It could drop to the 0.428 usd level as indicated and still go up from here, making a longer triangle, but that would be a last chance. On the other hand, this could turn slowly bearish in a curve as bulls will step out one by one.

There is still bitcoin to put pressure in the game, because bitcoin is at a very important level ending the biggest major pennant , which could be described by some as a bearish triangle or by some as a descending wedge , which is bullish . For me BTC holds very long on this support, while most alts are still on the bottom, or as good as.
I cannot imagine a bigger drop , but if this happens, it will be bought up very quickly. In a worst case scenario, all will remain silent until november/december.

In any case, this is a moment to watch closely !

cheers
Comment: my worst case scenario on the right was actually spot on
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