XRP is bullish on lower timeframes and so far the 15h chart is the highest confirmation so far of a bullish run. If this volume and buying pressure continues, next stop will be flipping the 1D timeframe to bullish. When that happens, I will make another update.
Current resistance lies at 51c. Previous test failed, if we concur 51c my next target is the FIB ratio 0,618 and that is 66c.
I don't know for a fact that it could be a cause but there is a large following on telegram/twatter/insta declaring a pump on Monday. This follows the WBS/Robinhood saga, people are asking "where is the SEC now?"
_____________________________ This is a speculative setup and not financial advice Trade Responsibly and Best Regards Ev
Comment
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WBS = WSB
Typo. (WallStreetBets)
Trade active
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Target approaching 66c
Trade closed: target reached
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Target reached, the bull market is running strong. I will make another post shortly for the next target.
I use Davids indicator for XRP too! I have noticed that the 12min timeframe is a good indicator for the direction. Beautiful! However, I don't think WSB is pumping the price. If you compare previous bull run there are a lot of similarities. Nor, do I think the telegram group is moving it alone. Ripple has made some huge partnerships since the lawsuit. I think Europe and Japan retail and institutional investors are majorly moving XRP right now. I live in the US, and held during the sell-off. When XRP got banned on Binance, I moved my XRP to Uphold. :)
BlockTechEv
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@WilburnWednesday, Thank you for your feedback! Yeah it's near impossible in crypto to say what causes a rally... but I have to say after the WSB saga, I have high hopes for the Ripple vs SEC case - apes together strong 😂
CryptoSnoopy
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nice to see Davids indicator in real life :) it looks really well, in higher TF, lower are quite bearish, but good chance to buy dip :)
BlockTechEv
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@CryptoSnoopy, Thanks for your feedback! I do like using these 2 together.
CryptoSnoopy
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@BlockTechEv, sure its TOP indicator, i add trendlines and its best for cathcing price level for entry/leave :) now im margin long all in :)
CryptoSnoopy
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does it worth it take any profit under 1usd now? i dont think so... better set safe SL in profit and let it grow.. dont waste 100% or who know how many 100-ish for maybe 10.. :P