XRP/USD has been hanging around it's $0.28 support level recently which has been bounced off of three times in the last year. We can also see we are trading within a symmetrical triangle where we have taken support off of 4 times in the last year, currently at the $0.30 level.When these support levels have been hit previously we typically bounce 10% then retest the support level. The bounces from the second test of support have resulted in an upward move between 30% to 200%. My prediction is that we will make a small move up and come back to retest either the symmetrical triangle support line or the black support line of $0.28 in the coming week or so. if we get a pattern similar to that made from September to December 2018, (which was a big run up, retest of support, then a run up of about 30% of the previous major run) we may be looking at a run up of 30% of our May 2019 push. This would take us somewhere around $0.40, which would be close to the top of the symmetrical triangle and around the 0.618 Fib level.
Either keep an eye on XRP if you are hesitant or start accumulating now if this is a project you enjoy.
Lots of people are waiting for XRP to pop so it will likely move fast
Thanks and don't forget to like and comment!
Either keep an eye on XRP if you are hesitant or start accumulating now if this is a project you enjoy.
Lots of people are waiting for XRP to pop so it will likely move fast
Thanks and don't forget to like and comment!
