Giorgioversace

Xrp: trapped in a downtrend, but double bottomed

BITSTAMP:XRPUSD   XRP / U.S. Dollar
Since Xrp reached the main bursting bubble target of 0.25$, it double bottomed on this crucial line of life.
Again, the future of this hate or love coin depends on the incoming moves of Bitcoin .
As Bitcoin is trapped in a huge descending triangle , odds favour a continuation of its downtrend, which makes it necessary to forecast a possible incoming lower target for Xrp.
A massive hidden bearish divergence is visible in the chart, but the most important signal is to see if Xrp ends up breaking its line of life around 0.25$.
We always have to be prepared for the best, but also for the worst with any market, cryptocurrencies included.
The hypothetical downside target of Xrp is around the 0.07$ range.
If Bitcoin starts another bullrun, the upside targets are marked.

Always remember that by purchasing some Xrp coins, you are not purchasing Ripple startup company stocks themselves, you are purchasing some Xrp.
I recommend you to do your own research regarding this coin and its true current utility, and i would also recommend you to check Xrp marketcap to make your mind if this coin is currently undervalued, overvalued, or fair valued.




Xrp doesn't seem to be going down?
Reply
Giorgioversace manjotsbajwa
@manjotsbajwa,
Thats for sure lol.
It is getting ultra hyped recently, and Btc is raising, so this normal.
We must focus mainly on Bitcoin structure, if the downside corrective market will continue (if this is another bulltrap) or if Bitcoin is starting a bullrun
+1 Reply
manjotsbajwa Giorgioversace
@Giorgioversace, Yup I agree lol. Do you think this is a bull trap or start of a bull run? Thanks
Reply
Ripple offered us a strong single confirming a new bullish pattern.
Nothing we didn't expect, now let's see where will it stop :)

Reply
Not optimistic xrp
May reach $0.01 in the long run
+2 Reply
dzebopeng youdamushi
@youdamushi, really?
Reply
@youdamushi,
Hm
Possible but there would need to be extreme troubles with bitcoin, which is a
possibility
Reply
manjotsbajwa Giorgioversace
@Giorgioversace, do u think btc will break 6k?
Reply
Giorgioversace manjotsbajwa
@manjotsbajwa,
This is what odds suggest
Will it go below, noone knows
Reply
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