XRP has had a remarkable 2017, and if the same trend continues, will have an amazing 2018 as well. This is a logarithmic view of the historical data of XRP, and each of the larger parabolic increases have yielded 14x growth. Additionally, the black support has been a catalyst to start the move.
Depending on where the price starting point is of the next parabolic move, (.75 - $1) I set the target at $10.50 to $14, likely in late spring to early summer, based on when it begins.
Disagree? Look at Bitcoin's historical path on a logarithmic scale. Fundamentally, based on the nature of announcements Ripple has made in recent history, an upswing is inevitable. We'll be watching history be made very soon.
Depending on where the price starting point is of the next parabolic move, (.75 - $1) I set the target at $10.50 to $14, likely in late spring to early summer, based on when it begins.
Disagree? Look at Bitcoin's historical path on a logarithmic scale. Fundamentally, based on the nature of announcements Ripple has made in recent history, an upswing is inevitable. We'll be watching history be made very soon.
Trade active:
This took off sooner than I would have thought- however upon further review on the 1hr timeframe, there is a great support line starting at the beginning of the trend going through the lowest low that the price hit.
www.tradingview.com/chart/2NnysVJe/
I expect there to be a pennant within the support & resistance pictured in the charts and for it to break bullish.
www.tradingview.com/chart/2NnysVJe/
I expect there to be a pennant within the support & resistance pictured in the charts and for it to break bullish.
If this idea is wrong, no telling where the bottom is.