Nord_Block

XRP - Catching the ride up to 0.38

Long
BINANCE:XRPUSDT   XRP / TetherUS
Currently trying to find a decent entry point to to XRP for a ride up to 0.38 for HODL. VERY QUICK analysis

Following previous ideas of Wykoff accumulation, and recent breakout of pennant and trend, I'm guessing there will be a continued move to previous levels of 0.4ish.
target bounce and subsequent buy zones marked in red with a best guess on trend thereafter.

Estimated timelines are completion of activity is 11th which also corresponds with FIB timelines I plotted.


RISKS
  • I expect if this move isn't completed by 15th we'll see interruption due to the other US exchanges' delisting / pausing XRP.
  • Announcements by Ripples / SEC will impact
  • Bitcoin action may impact this, although not as significantly as previously as we're seeing strong decoupling from BTC and XLM
If this is an orchestrated shakout, I would expect to see a further shakeout and FUD seeding post 15th with an announcement on settlement on 16-18.

NOTE, NON US CITIZEN, and 90% + of XRP usage is ex-USA! Please remember that folks!

Any feeback and comments welcome

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