- I Know my analysis is repetitive but I am going to stay consistent as it may motivate a new investor to invest in XRP (the best digital asset) and change their life!
- 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!!!!
- 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!!!
- 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!
- As Linda P. Jones stated Swift settles $1.2 QUADRILLION A YEAR! - Swift is SLOW, CLUNKY and OLD! - WHO IS LINDA P. JONES: Responsible for Morgan Stanley Investment Management (MSIM) Institutional funds, mutual funds, and hedge fund sales by Morgan Stanley Financial Advisors in 8 states. Marketed investments to financial advisors and their high net worth...
- 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)
- We could see XRP drop one more time as its following the trend to the down side and then once it breaks out of the downtrend we could see a massive spike up back to $1
XRP has been performing quite amazing as of late with us rebounding out of the bearish triangle with a gain of nearly +60%, we had a little cooloff recently after our hot run to the upside. Now it seems we may see a little sideways price action before then jumping up another leg. Our main target or first goal would be the 0.2 FIB level at 0.903 cents, breaking...
- As we can see XRP dropped heavily before shooting up. - We could see the same thing here and we will see people FOMO into XRP and the price will sky rocket before it comes crashing back down.
Xrp has just has cleared a major resistance and is ready for a rebound to 0.6500. BINANCE:XRPUSDT