xrp looks to be in a very convincing suckers rally. but it isn't convincing enough for me :^).
my downside target for xrp sits at about 75 cents before the run up to $5+
wave (2) target = $0.74 wave (3) target = $3.77
ps. corrections take time, and patience is key- there will be a lot of fake rallies along the way, but i'm not touching it until this downside algo target is met.
Same. I've stayed away from xrp this bull season. It's too crowded of a trade now imho. All my targets are much lower.
A trader on YouTube was talking about how it might be on a shortened macro wave 5 now. I take it that the massive run it enjoyed from March '17 through Jan '18 was some sort of elongated wave 3. The targets this trader gives for xrp this time around are modest by comparison - somewhere around $6-8 I think.
I do keep an eye on the btc pairing occasionally. One day it will break the massive falling wedge vs btc. But, what if it doesn't happen at all this bull run? Much like Litecoin. Which btw it just dipped below it's all-time low vs. btc and is bouncing... so possible it goes for a run soon, unless btc falls super hard which it very well might. That's what usually keeps me from investing in alts when they start to pop; I know that the value vs. btc are set to go way up but if btc is falling in the meantime that doesn't necessarily mean their growth will outpace btc' retracement speed.
look what happened sometime before previous bull run. It was in very similar situation, pumped ABOVE the wedge, dumped, accumulated for a while and only then skyrocketed. In my opinion this could pump to 1.40-1.50, dump to 70 cents yet and then make a run for 5$ no problem all before january
Same. I've stayed away from xrp this bull season. It's too crowded of a trade now imho. All my targets are much lower.
A trader on YouTube was talking about how it might be on a shortened macro wave 5 now. I take it that the massive run it enjoyed from March '17 through Jan '18 was some sort of elongated wave 3. The targets this trader gives for xrp this time around are modest by comparison - somewhere around $6-8 I think.
I do keep an eye on the btc pairing occasionally. One day it will break the massive falling wedge vs btc. But, what if it doesn't happen at all this bull run? Much like Litecoin. Which btw it just dipped below it's all-time low vs. btc and is bouncing... so possible it goes for a run soon, unless btc falls super hard which it very well might. That's what usually keeps me from investing in alts when they start to pop; I know that the value vs. btc are set to go way up but if btc is falling in the meantime that doesn't necessarily mean their growth will outpace btc' retracement speed.