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Tolberti
Mar 4, 2023 8:20 AM

XRP - Final 50% crash, life-time opportunity to buy! Short

XRP / Tether USDPoloniex

Description

  • XRP will give you a life-time opportunity to buy for an extremely cheap price, around 0.18 USDT! It's going to happen probably very soon, so make sure you are prepared!
  • This is a whole chart of XRP from 2016 to 2023. As you can see, the massive pump in 2017 was very strong, and right now XRP has been consolidating in this bullish regular flat pattern (3-3-5). My calculations say that we are at the end of the pattern, specifically in wave 5 of wave C.
  • If we look at the local price action from 2022–2023, we can spot a bearish head and shoulders pattern. The bears are going to send XRP lower, to around 0.18 USDT.
  • What's more, there is a falling wedge pattern. It's hard to see a breakout at this moment, and it's likely to hit the bottom of the wedge instead. Which is a 50% drop. We should find a support at the bottom of the falling wedge! This is your once-in-a-lifetime opportunity for a 20x profit in the next few months / years.
  • This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
  • We don't know how the pump is going to look, but you will not have too much time to enter because the market moves aggressively to the upside while going sideways very slowly. I expect a huge green dildo on the weekly and monthly charts.
  • This analysis is like no other. No one will give you an Elliott Wave count on XRP from the beginning. If you know about anyone, let me know in the comment section; I want to follow him.
  • My plan is to buy/long XRP around 0.18 USDT for a 20x minimum gain. I am telling you it will be a massive pump, and for the best feeling you want to be in the market.
  • The bears have been waiting for an incredible 5 years, but you do not need to wait; you can simply catch the bottom and take advantage of the massive pump in a short period of time. After that, you can buy some tasty Japanese wagyu.
  • Thank you, and for more ideas, hit "Like" and "Follow"!

Trade active

Best time to short it.
Comments
SpartaBTC
It could be the other way around. Breaking through the resistance of the downward wedge and reversing the trend.
Tolberti
@SpartaBTC It's definitely possible scenario.
basictradingtv
keep up the good work mate!
Tolberti
@basictradingtv Thank you!
hrzoghi
Another wrong analysis 🧐 hahaha , please stop ✋ you can do better
rcryptos
Any update on this chart ? Is xrp going to rip higher from here ?
Ek-752
to go dow it has to come up from the bottom of bb % first as it stuck there for the daily if the daily is bullish enough to push it up then your scenario is evident and might happen in any of the supports doesn t hold.
rcryptos
This is now at resistance according to this picture , do you think it will turn bullish once it breakes 0.41 cent ?
Tolberti
@rcryptos, 0.45 is the main resistance at my point
rcryptos
@Tolberti, do you think there will be a positive news and xrp pumps this time before dumping ? I got out at spot around 0.38 and dont want to miss it since i held from 2017 when i bought at around 40-50 cents . Thanks
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