XRP If Not Already, The Bottom Is Near - $0.5 Should Hold
XRP is one of the laggers that is still waiting for big rotation. During recent capitulation we've fallen as far as to $0.6. I expect BTC to fall a bit further, so even if the alt season is near and bitcoin dominance low, you can expect that if another liquidation event happens to BTC it will also happen to alts. So id we by any chance don't hold $0.6 i am at least certain we will hold $0.5 so don't freak out if this actually happens. There is a lot of leverage in the market and that is the main reason for such liquidation to happen.
If we then reverse you should expect main resistence at level 1 fib. ext.
There is also a chance that we could just go from here but a would not take that to a bank yet because of where BTC is right now as a am writing this.
After fib. level 1 is broken through, the full extension, extended over recent summer crash we should expect around 4.236 ext ($7) area to be next resistence. Eventually we should break this one to. BTC is expected to have a long retrace that can take up to a year, so laggers will have plenty of time to have their run even if BTC is in a bear market already. In 2017 after BTC topped, alts continued to rally into BTC retracement so don't worry.
With XRP we just have to be patient as patience is always eventually paid off. 80% of the altcoins have not have their run yet so don't think XRP is the only one that doesn't go.
I am not a financial advisor so non of this should be taken as a financial advise.
XRPUSDT
If we then reverse you should expect main resistence at level 1 fib. ext.
There is also a chance that we could just go from here but a would not take that to a bank yet because of where BTC is right now as a am writing this.
After fib. level 1 is broken through, the full extension, extended over recent summer crash we should expect around 4.236 ext ($7) area to be next resistence. Eventually we should break this one to. BTC is expected to have a long retrace that can take up to a year, so laggers will have plenty of time to have their run even if BTC is in a bear market already. In 2017 after BTC topped, alts continued to rally into BTC retracement so don't worry.
With XRP we just have to be patient as patience is always eventually paid off. 80% of the altcoins have not have their run yet so don't think XRP is the only one that doesn't go.
I am not a financial advisor so non of this should be taken as a financial advise.
XRPUSDT