Allmypips
Long

XRP ( Ripple) Soon New Bullish Market Coming! LONG HOLD

POLONIEX:XRPUSD   XRP / U.S. Dollar
@Allmypips #Ripple long term analysis.

Looking back to 2017, we can see that there was a very similar lateral support zone .IF we can see before 2017 support resistance level crypto market always repeat circle (HIGH VS LOW).At the moment price holding the major support level . You can see on the chart current price, moving the same pattern like 2017 bullish rally. Coming week expecting some big correction towards 1.20$ near term Resistance.

XRP is in one of the largest transparent projects in the crypto market. I believe ripple can change the banking system and some other sector in the next few years. However, given the incredibly strong fundamentals of XRP, Ripple project going we well at a global level with partnerships e:g, WN, MONEYGRAM, BANKS AND lot more. I believe that the most likely technical direction from here is to the upside. I expecting next 3-5 weeks XRP holds this channel, the XRP bear market has just ended and huge bullish rally underway.

Short term technical analysis price holding critical support level 0.25 if the price breaks out 0.30 then bulls’ confidence in the uptrend unshaken as the price gradually slopes north above the short-term target 0.38, 0.44 and 0.50 level.

Support Levels:
S-1 = 0.25
S-2= 0.22
Resistance Level:
R-1 =0.30
R-2 =0.38
R-3=0.44
R-4=0.50

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Hopefully.....but it's all pure speculation.
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YAWN.......
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good chart, but only issue is. we don't have the fomo of 2017.
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Allmypips SavageTraders
@SavageTraders, last time bullish rally took two years 2015 to 2017 but that time crypto market volume not too much but this time almost 1-year market stable but volume very high, an investor looking alternative forex, the stock market so right now XRP is GOOD Project for investor, bank, retails broker
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stellarbruh SavageTraders
@SavageTraders, it will be even greater. 2017 far less people knew of crypto, let alone XRP. That move was from the whales. Now, we have real use case happening on global scale.
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