dubhan

XRP - "Where's my money?"

Long
XRP is the digital asset and RTXP is the protocol/network that allows financial institutions to settle transactions in a matter of seconds. Imagine a future where your million dollar deal(s) with your business partner(s) could get settled in a matter of seconds, given that your business partner(s) have the liquidity that they claim. That is because Ripple protocol validates account balances within seconds, so, you better have that money and you better not be a deadbeat.

In this idea, I am looking at the action on the 1D chart. I have a modified Schiff pitchfork giving me the general direction of the crypto which points to the $1 realm. Then I have a Gann fan which confirms the short term uptrend and price move. Currently peeking through the 4/1 angle into the 8/1 angle.

Last I have auto fib extension. Which confirms the move into the 8/1 angle of the Gann fan. RSI also confirms the uptrend, marked by yellow dash line.

My target price for this movement is $0.63


These are all my opinions and they do not constitute financial advice.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.