XRP has a similar chart structure to DOGEBTC
The major similarity is that the price is range bound, meaning, price has been stuck in a limited area (squeezed) area for the majority of its existence
This 'bound' nature, builds tension as each day passes, influencing the probability of a breakout out of this range
Some things however are not similar,
As on DOGEBTC...
Seems XRP is building up several factor's for breaking out upwards.
Currently in a bullflag and in the general picture XRP is really bullish.
Broadening wedge in a falling wedge.
If we would see xrp repeat it's cycle of 2017 we could expect the targets being reached, keeping in mind a BTC value of 85k -100k.
A positive outcome of the lawsuit could see this...
XRP has definitely being showing its strength recently even yesterdays run up we were ahead of BTC and most other large caps. And even while being wrongly suppressed by the SEC. Taking a look here i have found something that looks very very similar to the past, check out the white shaded circles on the chart and the first one on the left we see long drawn out...
This is the season for rocking trends aka bear trends collecting. It is collected here and sold in the hills. TP is taken while going up.
Since it is below, those who buy at $2 will not sink for free. Let's say they sold them, I will buy them myself.
Comparable point in green circle
Using this point we can draw conclusions about possible next price movements
using 1,2,3 for reference we may be able to exit the 1.618 fib circle, leading to a further breakout larger than the green bars pattern
Incoming golden cross of the 50MA and 21MA on the weekly chart. Massive bullish divergence on the RSI. Inverse H&S with a target of 655% gains to the upside. Buy above the 100MA breakout on the weekly.
Key Support Levels: $1.00, $0.95, $0.8282.
Key Resistance Levels: $1.05, $1.10, $1.25.
XRP found support at the 2020 highs of $0.8282 over the weekend and rebounded higher to break above $1.00. It is now struggling to close a daily candle above $1.05 (bearish .382 Fib), but the bulls are battling to remain above $1.00.
The resistance at $1.05 is starting to form...
💗XRPUSDT 1D-TIMEFRAME ANALYSIS👀
Hello ladies and gentlemen
This is my new idea for 💥XRPUSDT
I expect the price to move higher...
I hope my idea is clear
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Deathcross similarities can be seen
Indicator slowly curls back around following the 'bearish' cross, which initiates a massive bull move
This can be seen in both situations
Also both trending along a down trend line
I am long XRP.