Hey friends, hope you are well and welcome to the new update on XRP.
In my previous post, I showed that the price action of XRP has formed a bullish butterfly and finally the priceline took bullish divergence from the potential reversal zone of Butterfly pattern and produced a more than 47% rally.
After 5 wave impulse since the March 2020 low, we went into an ABC correction and consolidation within an ascending triangle.
Time cycles also show that a breakout to the upside is expected in the short term (1 to 3 weeks IMO).
Not financial advice
It's funny looking back at all the XRPBTC predictions. They were almost all entirely wrong.
I was one of the few who always said, forget a ripple rally before 2020.
This coin's dynamic is fascinating, because it offers extremely high potential ROI, but is also
by far the most frustrating.
That's why most people fail to make some nice gains with ripple.
Hi dear XRP fellows, who are waiting for this coin to break out.
If we look at XRP's price history, we can clearly see the very strong correlation with BTC's price rises.
I think we are now where we were in late 2016.
XRPBTC then started rising, but as BTCUSD started nearing ATH levels at 1200 again, XRPBTC started declining again.
I think it will be the same...
Ripple - Short Term - We look to Buy a break of 0.2608 (stop at 0.2538)
0.2600 continues to hold back the bears.
The RSI is trending higher.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 0.2608, which will confirm the bullish sentiment.
Early pessimism is likely to lead to losses although extended attempts...
The falling wedge signals a bullish reversal pattern in price. It holds three common characteristics that traders should look for: First, it has converging trendlines. Next, a pattern has declining volume as the trendline progress. Finally, it’ll be preceded by a breakout through the upper trendline. What all these things come together, you have a falling wedge...
So the Bitcoin seen a strong leg up, and is about to retest $11.400 so more upside is likely which would mean XRP is about to see a break up from the strong resistance area that has it's top at 0.25860$ which is a daily pivot point.
Break of $0.26 is a good confirmation, with a whole daily candle of course.
I am going buy the break of $0.26 and I am...
Hello fellow XRP Hopiumers I got some more material for our moon mission xD
Using a pitchfork, taking the price action from Jan 17 to Jan 18 and the length of previous bear market which was 150 weeks or 1050 days I came to this messy chart.
As of today, 5th October 2020, XRP has done 144 weeks of beark market, so if XRP repeats everything it still has 6~...
XRP / USD TA + FRACTALS
Price per XRP as of time that I’m making this chart is $0.22
In order for a financial institution to transact $1,000,000 today, it would need to free up and have 4,545,454 XRP available just for that one transaction
At $1/XRP that same institution would need 1,000,000 XRP
At $10/XRP that same institution would need 100,000 XRP