without_worries

Is XRP going to $25 ??

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
Probably.

On the above 5-day chart price action has corrected 80%. A number of reasons now exist to be bullish , including:

1) The ‘incredible buy’ signal has printed. Do not ignore on this time frame.

2) Price action is currently on the 0.618 golden zone as measured from March 2020 bottom to the April 2021 high.

3) The Cup and Handle formation is text book. The handle is forming a perfect bull flag . The $1.80 target is an easy stretch to make from current levels.

4) IF the $1.80 becomes support later this year, expect $25 as the next target.

5) On the 2-day chart (below) price action is printing strong bullish divergence following a buy signal.

Is it possible price action falls further? For sure.

Is it probable? No.

Those crazy targets a number of charts are suggesting are nothing to do with the token itself but rather everything to do with what is happening to the dollar. This is what the beginning of a currency reset looks like.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: 70x

2-day chart
Trade active: "Incredible buy' prints on the weekly chart for the first time ever on the weekly chart of XRP price action.


BTC
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Want to try out the Po3 indicator as seen on my ideas?
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Allow 3-6 months on ideas. Not investment advice. DYOR
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