srinath1908
Long

Ripple (XRP) - Bullish Signal - 350%+ Profit - Long Term

KRAKEN:XRPUSD   Ripple / U.S. Dollar
Hello Guys,

I am Bullish on Ripple Coin after a heavy pull back.

We all know, Ripple is one of the big movers in crypto. We have witnessed in the past. Also, if it starts to consolidate then stays in the same range for weeks.

But this time I guess consolidation won't happen. Because of the last four days bar candle stick tells us it want to go up.

The first two candle tells us the Tweezers bottom which is our first confirmation. Last candle stick is the Hammer candle which is our final confirmation for Bullish Signal.

Also, 200 MA acts as a big support here. So the possibility for uptrend is high.

Target 1 : 1.11$
Target 2 : 2.76$
Target 3 : 3.38$
Target 4 : 6.33$

Stop loss: 0.6$

Good news are coming up for ripple. No need to worry.

Note: Don't forget to put stop loss.

Thanks!

Comment: We have reached our 1st Target. Which leaves us with 50% in a day.

Our next Targets
Target 2 : 2.76$

Target 3 : 3.38$
Target 4 : 6.33$

This is a bounce really good sign and attract high volume.
Comment: This consolidation can be another good Buying opportunity for long.
Comment: Ripple is getting stronger. We just started our rally. Feel free to buy even at this range (1$-1.2$) There is pretty much chance we might see the target sooner than expected. MACD just crossed, plenty of room to grow. RSI is heading up (little bit flat but nothing to worry about), feel free to buy and hold for long.
Agree totally!
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you have right first target has reached. Now do we need to put a stop loss?
Reply
srinath1908 yasin1071
@yasin1071, Stop loss is just to play safe game if things goes in opposite side. As per the chart, after a big bounce it might just breathing out (say max 0.84 or 0.85) for a while and then start the next wave.
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so target 4 is 1.st Elliot wave??
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srinath1908 rsatzerro
@rsatzerro,

Target 1 - is Elliot wave point 1

Target 4 - is the Elliot wave point 5.

Ripple is started to get some attention again. So the chances of point 5 goes beyond than Target 4 is high.
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Nice ,
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srinath1908 cryptomaster1
@cryptomaster1, Thank you
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target 4 by when?
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@mouheb, It will happen in the month of march or may be sonner. As I mentioned before, Ripple is like rapid mover. Once the rally starts with volume, there is also a possibility we might see in this month end itself.
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