- As we can see XRP is still hovering around the long term trend line! - Previously when we broke below that trend line we saw a 30,000% move and a 700% even after the lawsuit! - QUICK REMINDER: KIN COIN ALSO GOT SUED, IT SHOT UP AROUND 12,770% IN 168 DAYS!! LET THAT SINK IN!! - NOT FINANCIAL ADVICE (PLEASE DO YOUR OWN RESEARCH)
- We have way more utility this year than we did back in 2017! - XRP could explode and melt faces, put your moon boots on lets go!!!!
- I think this could be it.....ALTCOIN SEASON COULD BE HERE! - Pack your bags and lets get ready to take profits to make our lives a little better!
- We are so close to breaking out guys, keep holding your bags and as we reach £5, £10, £15 and potentially £20+ sell small portions of your bags to take profits! - £5 - 5% - £10 - 10% - £15 - 10% - £20 - 10% - £30 - 10% - £50-80 (if we go that high) 20-30% - HOLD the rest of your bags for full blown utility!!
- Breakout of a long term trend line, next targets will be the blue support and resistance lines!
- As you can see the market has broken out of the triangle, we could see a ALTCOIN season here, or if this market has got big adoption now, we could see BTC go up first then an altcoin season!
- As we can see on the charts, the 50 & 100 Exponential Moving Average crossed over on 11th of January 2021 and XRP shot up by about 450%, now due to the Lawsuit hanging over their head, XRP cannot move much, even though RIPPLE has made tones of partnerships with big banks, it wont show on the charts until this case is over, or we could see a massive move in price...
- A breakout and close outside this triangle is a bullish signal, lets see how it plays out!
- We can see a break above the trend line on the 4 hour time frame, could we possibly see XRP return back into the triangle before taking off again? - LET'S WAIT AND SEE!!!
- I personally believe that when the lawsuit for RIPPLE is over, the price of XRP will move but not by a lot straight away. - Just like CRO (crypto.com) did, it was heavily being advertised on F1 cars and UFC rings and the fighters where also wearing the t-shirts with crypto.com advertised on it.....however the price of CRO did absoulotlly nothing. - So my point...
- The lawsuit is still hanging over RIPPLE, clearly the sec has lost, its only a matter of time before we see an explosion!
- As we can see XRP is coiling up, we will have a reaction around JUNE so be ready for a breakout. - 10 % chance of it breaking down - 90% chance of it breaking to the upside!
- GARY has accepted defeat now lets wait for the settlement before we sky rocket - But knowing how manipulated these markets are we may see A FINAL CRASH before we go to the upside, the same thing happened in 2017 we saw a massive drop so many people got shaken out and then green light boooom!!
- Stay consistent and keep acclimating small dips (NOT FINANCIAL ADVICE)
- Worst case scenario for XRP is £0.25p in my eyes, but personally I will accumulate a lot if it does drop that low :D - DONT get emotionally involved with your investments and RULE NUMBER 1: ONLY INVEST WHAT YOUR WILLING TO LOSE!
- As you can see XRP broke that small trend line to the downside, meaning that XRP could consolidate above the trend or start moving up higher. - Or we drop a little lower and reach $0.52 (£0.38p)
XRP has had a very interesting previous week with beautiful price swings, large buys, positive SEC lawsuit news and it all builds a much stronger XRP than we've previously known. As XRP is building support and constructing a key level at ~0.76, this seems to be in preparation for an upcoming massive pump that might take XRP to above 1 USD, at least...
- Remember guys/girls only invest what your willing to lose!! - However do remember this is a ISO20022 COIN so don't sleep on it and always do your own research! - In 5-8 years time XRP could be 3-4 digits so pack some long term bags!