It's possible they will do one last fake out (.71-.80~ area) before we dip to .44-.30 area where we will most likely consolidate for the next few months.
When we do dip to the next consolidation area, expect the shills to go on full bull run mode saying that the correction is over. DON'T BUY THEIR B.S.
XRP is correlated to BTC. Sorry folks the narrative about decoupling is still few years from us, so for now we stay with what's true. If BTC goes down, so will XRP. Now about the other catch. BTC is correlated to the stock market. If S&P and Dow even make a 4% correction, expect BTC and the entire crypto market to plummet. Every indicator right now is pointing towards the stock market having a major correction, perhaps more than 4%, in the near future. Maybe even the next few weeks. Which is the switch I'm looking for to send XRP down to my targets.
The three targets I have on the chart are .21, .16, and even .10 cents per XRP.
These targets will be where the whales are waiting so I expect these to be quick wicks that will last no more than 30 mins to an hour before we go back to the consolidation area.
The longer BTC consolidate on the 30k area, the higher the chance that we will plummet to these expected targets.
When we do dip to the next consolidation area, expect the shills to go on full bull run mode saying that the correction is over. DON'T BUY THEIR B.S.
XRP is correlated to BTC. Sorry folks the narrative about decoupling is still few years from us, so for now we stay with what's true. If BTC goes down, so will XRP. Now about the other catch. BTC is correlated to the stock market. If S&P and Dow even make a 4% correction, expect BTC and the entire crypto market to plummet. Every indicator right now is pointing towards the stock market having a major correction, perhaps more than 4%, in the near future. Maybe even the next few weeks. Which is the switch I'm looking for to send XRP down to my targets.
The three targets I have on the chart are .21, .16, and even .10 cents per XRP.
These targets will be where the whales are waiting so I expect these to be quick wicks that will last no more than 30 mins to an hour before we go back to the consolidation area.
The longer BTC consolidate on the 30k area, the higher the chance that we will plummet to these expected targets.