Okay guys, sorry for the delay. I've been super busy this week.
Well, XRP has taken longer to break out than expected due to BTC retracing down to 41k. With this being said, XRP is looking incredibly strong despite the major retracement of BTC.
We can still expect a break out soon as seen on the chart above. Once BTC finishes it's C-wave correction, we will start seeing the market released by it's pull and really start pumping imo. I have charted what I believe this pump will look like above.
Our first major point to focus on is the $2.00 range and I will personally not sell until we reach this point as I expect a good size retracement from there before continuing up. I would personally place a sell order around this point anywhere between 1.97 and 2.10 this will depend on the strength of the leg up at the time and we will determine this later on as the market plays out...
For now, we wait. :)
Well, XRP has taken longer to break out than expected due to BTC retracing down to 41k. With this being said, XRP is looking incredibly strong despite the major retracement of BTC.
We can still expect a break out soon as seen on the chart above. Once BTC finishes it's C-wave correction, we will start seeing the market released by it's pull and really start pumping imo. I have charted what I believe this pump will look like above.
Our first major point to focus on is the $2.00 range and I will personally not sell until we reach this point as I expect a good size retracement from there before continuing up. I would personally place a sell order around this point anywhere between 1.97 and 2.10 this will depend on the strength of the leg up at the time and we will determine this later on as the market plays out...
For now, we wait. :)
