XRPUSD targeting $0.50. Cyclical Buy Signal.

Ripple has been one of the most consistent cryptocurrencies in terms of cyclical behavior, as it has been following its previous 2015/ 2016 bear cycle with uncanny precision.

A repetitive sequence that has recently emerged is the second Death Cross sequence on 1D. In 2016 when this formation took place (after a Golden Cross), XRP after an initial minor dip, rose aggressively to a new High. This growth wasn't of course the one to initiate the expected aggressive rise of the new Bull Market but at least kept the Support levels intact and after a new consolidation phase, gave way to a new High.

We are still deep into XRP's long term consolidation phase but still this signal gives a high probability target of $0.5000.