Mock Up Price Action for XRP I'll Be Tracking
I believe that XRP is due a very bullish break out run in the coming weeks on speculative hype driven anticipation leading into the next major update from the SEC court case. We are on the cusp of breaking out of this long term trendline and I could easily see XRP dipping one last time to 34 cents at the lowest before spring board launching upwards to a 70-76 cents area before any kind of major pullback.
If BTC takes one more dip down to 23,400 area would expect to see XRP around 36 cents. Once XRP does break out above the long term trend line we've been under this whole time, expect to see a ton of activity as people take this as an opportune time to load up leading into SEC court case news expected mid to late March.
If BTC takes one more dip down to 23,400 area would expect to see XRP around 36 cents. Once XRP does break out above the long term trend line we've been under this whole time, expect to see a ton of activity as people take this as an opportune time to load up leading into SEC court case news expected mid to late March.
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Tracking BTC Throughout
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Mock Up Price Action for BTC I'm Tracking Along w/ XRPUSDT Run
- I believe that price has been manipulated to fall under the ascending wedge which will cause near term bearish sentiment
- Retail investors will be sucked into pump fake down, closing LONGS and opening SHORTS
- Right in time for Institutional money to pump it at the very last moment
- On the way up for the pump, stop loss thresholds will be hit along with over leveraged SHORT positions liquidated, both resulting in a continuation of the pump via market buy orders
- This will shoot us through the 25,250 resistance ceiling we've been fighting for months now and settle down trade within a channel 26k to 27k
- BTC will settle down and range/accumulate at these levels, ALTs will run
- Retail investors on sideline and ones that just got SL/Short Squeezed, will FOMO in
- Market will pump further, taking turns, BTC then Large Caps then Mid Caps and so on
- I believe that price has been manipulated to fall under the ascending wedge which will cause near term bearish sentiment
- Retail investors will be sucked into pump fake down, closing LONGS and opening SHORTS
- Right in time for Institutional money to pump it at the very last moment
- On the way up for the pump, stop loss thresholds will be hit along with over leveraged SHORT positions liquidated, both resulting in a continuation of the pump via market buy orders
- This will shoot us through the 25,250 resistance ceiling we've been fighting for months now and settle down trade within a channel 26k to 27k
- BTC will settle down and range/accumulate at these levels, ALTs will run
- Retail investors on sideline and ones that just got SL/Short Squeezed, will FOMO in
- Market will pump further, taking turns, BTC then Large Caps then Mid Caps and so on
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Patiently Waiting and Adding to my bag on every dip down to support.
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XRPUSDT has had some very interesting price action during this market pull back correction. I believe it holds strong at the 36 cents support. And when things settle down for BTC and start to return bullish, I'm thinking XRP is going to be one of the first big runners.
