Jayed

When will $XRPUSD leave consolidation purgatory?

BITSTAMP:XRPUSD   XRP / U.S. Dollar
The big question on all of our minds is "when."
When will this boring trend break?
All fundamentals are suggesting an influx of new investors/traders as exchanges around the world have reported slow-downs and backlogs regarding new user registration and activity.
Even still, play safe out there ladies and gentlemen!
We just recently tested off of the 0.318 Fib and are seeing our volume is still trending bullish .
That said, there is still the potential of a retrace to the 0.318, as our bounce has yet to exceed the Fib 0.5 to confirm a bullish divergence .
If we return to the 0.318 before confirming a divergence, you can expect a retrace to $0.368 before the price finds stable ground again.
A bullish break above the 0.5 fib on the other hand would just as quickly potentiate a run on $0.415.
If there's enough volume behind the run on the 0.5 fib and the price pushes to $0.42 bulls can take a breather.
Which will likely result in a short lived retrace to $0. 40 , before we start doing low orbit test runs, in preparation for XRP's 2019 moon landing.

Comments

Never its shit garbage
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Jayed Michele1970
@Michele1970, that's a pretty emotional reaction. So emotional, it makes it blatantly obvious why you're under the false assumption that XRP is 'shit garbage' lol
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