XRP since May walking in downtrend! This fib is plays perfectly! Yellow arrows shows 2 times we rejected on downtrend line. After break out but false retest XRP going in to accumulation zone (white box) and retest fundamental price (green line) 0.52. So depends of today FED decision we can see this price once again. This is always good enter point. On MACD I think XRP is ready to go in to buyers zone but we didnt see volume on chart. Thats why I can expect one big squeeze down at least to 0.65. But globally chart looks logical. So If cycle will be longer 2.26$ for XRP can be realistic price by end of bull run. If we will see altseason in January when BTC capitulate targets for XRP 1.24 (0.5 level FIB) and 1.65 (0.78 lvl FIB)
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@Mbastianello another question to you, when do you think this bull run will end?
jdo85
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@WhenCryptoLambo i think bitcoin wil make a top in the summer of 2022 around 152k with high 80 % to 90% bitcoin dominance then we wil have a altseason with alot of firework. but who knows maybe we wil enter a bearmarket right now without altseason... i'm concerned about somthing else... youtu.be/JGSkpSNV_AE good luck
amanrohan325
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This is sad chart for the bulls specially considering XRP has been stuck there at .82 cents for quite a while now. I wish it took off a little . Gave a little of whole it promised. was one of the unlucky few to hold on this asset for somoetime. Now it feels like to sell everything.
metzy_16s
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looks about right to me. patience.
VIDAL01MX
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I also agree with your analysis, today I see the EMA50 about to cross the EMA200, what is the identifier you use for the green line that you see below? thanks for sharing