After reaching the breakout target of the smallest inv h&s pattern with quickness, XRP.D already seems to be validating the larger inv h&s target it broke above on the way to the first target. I anticipate the brown trendline(which is part of a channel) to provide some resistance initially but for it to overcome that before too long and continue up towards its...
Currently one candle close above the neckline and the current candle is so far retesting that neckline as support. If this validates we should see xrp gain a considerable amount of market dominance back that it had lost over the last few years. May take a few candles to confirm..could also easily dip back below the neckline for a bit as well as is common on most...
Big explosion coming for XRP by Ripple Labs. Watch out for this one, entire market looks like October/November 2016, total2, bitcoin dominance, ethereum fractals, insane correlations 360°. I've been dedicating hours and hours analyzing hundreds of Alts, some are far ahead like doge, others haven't even started. 2022 is the year of the tiger, prepare for a big 2022...
After the last bullish move upwards called using a fibonacci last time, I think we are about to see the next one by this week. Should this 78.6 hold, we should either see XRP rise and take in more $$, or BTC fall and lose dominance.
Just using another fib like last time, should the 78.6 hold over the weekend we should be in for another move upwards.
This shows the % of the market XRP has, in alignment with my fibonacci set up on the normal chart, this one shows the same thing. We have retraced to the 78.6 and already moved from this zone, a move higher would be a perfect bait and switch whilst people FOMO into other alts like Dogecoin.
Everything looking bullish on Ripple XRP.D taking support at downtrend channel XRPUSD breaking out of channel AND perfect inverted Head and Shoulder! Nice targets for Ripple. Happy Trading!