Price action on XRP suggests there's a potential impulse forming from the lows in late January around 55 cents.
Expected price movements suggest a possible wave 3 in the works that should find some resistance around 80-84 cents. I would expect there to be some kind of a reaction at that price point, especially if you focus on key levels (look left).
After some consolidation takes place (wave 4), I would expect continuation higher. This impulse currently shows lack of sellers and increased buyers. I would expect XRP will be re-listed in some USA exchanges in the near future which will cause a short lived retail buying phase. When will it be re-listed? Nobody knows. Will it be re-listed for sure? Again, nobody knows.
The weekly wave on the indicator also looks very oversold, even now. If we did manage to go back to 55 cents or even slightly lower, I'd be a buyer. Right here? Nah. I continue to hold what I bought in 2020.
This is a speculatory market hyped on nothing physical. This is the millenial dream. Make something out of nothing. Ride the wave while it's presented to you.
Expected price movements suggest a possible wave 3 in the works that should find some resistance around 80-84 cents. I would expect there to be some kind of a reaction at that price point, especially if you focus on key levels (look left).
After some consolidation takes place (wave 4), I would expect continuation higher. This impulse currently shows lack of sellers and increased buyers. I would expect XRP will be re-listed in some USA exchanges in the near future which will cause a short lived retail buying phase. When will it be re-listed? Nobody knows. Will it be re-listed for sure? Again, nobody knows.
The weekly wave on the indicator also looks very oversold, even now. If we did manage to go back to 55 cents or even slightly lower, I'd be a buyer. Right here? Nah. I continue to hold what I bought in 2020.
This is a speculatory market hyped on nothing physical. This is the millenial dream. Make something out of nothing. Ride the wave while it's presented to you.