Hi guys, just wanted to make a quick update for you. I saw something quite interesting on the XRP chart. Right now, BTC isn't performing well and this has an effect on XRP. Besides that, as you can see on the chart, XRP is forming a Head and Shoulders Pattern.
The target price of the H&S pattern is around $1.1130. That's a decrease of almost 5%. Of course this only happens if the price closes below the neckline of the pattern, and even then, anything can happen in crypto.
Just wanted to share this with you. XRP is definitely still performing well, so don't panic.
Don't forget to support this idea by giving it a like, and if you don't like it you can follow me.
Nice one! 1.113 🔥🔥 Well I missed this one, when do you think I should buy some more XRP (I already bought some before). Do you think we will see any ATH, since SEC moved the date to the middle of January?
EliteTradingX
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@HusMah12, To be honest, I can't say if we will see a ATH. But XRP is definitely a ticking time bom for sure. I would say that if BTC will break through the resistance level of the range it's trading in, then will could see a retest around $1,40. That's already a nice move to the upside.
Now to answer you question, when you should buy more XRP. I'm gonna tell you what I'm gonna do. I'm currently waiting if BTC is showing any reversal sings from the support level it's currently trading on. If it does, then I might buy some XRP. Because XRP is now also trading at a key support level. Of course XRP must show signs too. But I'm very careful now, because Bitcoin is not showing any strength.
HusMah12
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@EliteTradingX, I agree with you, it depends a lot on BTC, but the funny thing is that XRP made it all time high when BTC was at 17k. I hope that we will se an ATH even if I'm skeptical. Thanks for sharing your Ideas 🙏🙏🙏🙏 <3
EliteTradingX
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@HusMah12, I will alert everyone if I buy some more XRP.
Well I missed this one, when do you think I should buy some more XRP (I already bought some before).
Do you think we will see any ATH, since SEC moved the date to the middle of January?