The current structure of Ripple looks promising for a bullish move ahead of us.
The current pattern that has completed is a bullish harmonic pattern, a perfect Gartley (a high probability pattern). If this setup is proven to be true by breaking above 1.06800 price level, we're likely to see XRP push towards 1.46209 as our initial target.
This setup will be invalidated if XRP breaks below 0.65200.
The current lawsuit news are also very bullish, from what we know so far it looks like Ripple will have a favorable outcome but even if they decide for a settlement that apparently could lead to a supply shock further increasing the price. So maybe it is a good time to go long right now. But then again, Bitcoin might go down and if that happens I don't know if XRP can gain any momentum to the upside
SunnyHillCapital
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@jeremiahjones, Very key information you've put out. Ultimately, Bitcoin will play a huge role in leading the way, we have two possible scenario ready for Bitcoin (bullish and bearish), we'll see how it goes. Thank you for sharing your thoughts!
AFdave
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@SunnyHillCapital yeah, concur. BTC is king still. but at some point, I can envision one or more of the bigger alts such as XRP to break loose and move independently. I also have watched closely and noticed that one can predict the news with solid chart formations. I'm expecting the chart to be a 'tell' for when the SEC finally settles this case in which they are getting spanked. incredible TA here sir. cheers.