XRP is forming an inverse head and shoulder pattern to confirm change in trend, if we stay under bought for the RSI within the next few days, then we'll most likely break out towards an uptrend this week, we'll test previous resistance and turn them to support until we hit the all time high, once we hit all time high, we will be in an uncharted territory and could only use sentiments, news, and Fibonacci retracement moving forward, which indicates around $8 and the psychological $10 new all time high, until people start taking profits and we get a huge correction around June 10-15 (Q3 Corporate Income tax).
The market will see a major correction of this bull run around -50% to -70% and will most likely shake off the weak hands on the month of June.
The market will go in consolidating phase for few months. Here are the gists of what will happen.
-Around July 15, we will see the bottom of the correction, where we will then slowly rally and test resistances.
-We will see an uptrend rally and break previous resistances beginning of August until the very end of the month.
-September 1st Q4 Corporate Income Tax Correction 20-35% correction.
-October (correction bottom around the 15th) to November Consolidation
-December rally 1-25th, MOON
-January 1st, Mars
The market will see a major correction of this bull run around -50% to -70% and will most likely shake off the weak hands on the month of June.
The market will go in consolidating phase for few months. Here are the gists of what will happen.
-Around July 15, we will see the bottom of the correction, where we will then slowly rally and test resistances.
-We will see an uptrend rally and break previous resistances beginning of August until the very end of the month.
-September 1st Q4 Corporate Income Tax Correction 20-35% correction.
-October (correction bottom around the 15th) to November Consolidation
-December rally 1-25th, MOON
-January 1st, Mars