Ladies and gentleman, I give you a long overdue update on the XRP/ETH pairing. Last September, I swapped the ETH I had bought at $215 for XRP when it had broken out of the 15000 major long term resistance area. Then, I ultimately purchased ETH separately at $107. In any case, I mentioned that eventually XRP may have to retest that 15000 area as support. We've...
XRP / ETH Falling Wedge
XRP / ETH is not a commonly traded pair or studied chart.
Falling Wedge is a bullish pattern with a higher probability to break up than down.
Ethereum is bullish against the dollar; if this breaks up this would be very bullish for XRP.
Ripple looks really good here,
This chart shows that XRP/ETH has formed a beautiful Cup and Handle .
This indicates one ore more of these scenarios:
Ethereum will fall at a faster rate than XRP.
XRP will increase faster than Ethereum will rise.
XRP and ETH will move in drastic opposite directions.
If you've been into cryptos long enough you KNOW what XRP...
Our main focus is on 0.00228419 ETH and on second thought, if the train has enough power to extend, then 0.00242358 ETH is where we all shall take into consideration ( look at second chart that i shared below, was based on daily timeframe )
Our previous look was
T1 reached and
1.618 sure still possible but T2 is a very strong area!
Sure all depends on BTC and ETH price evolution also!
If Eth explodes and Xrp late with upside price action than 1.618 extensions easy can happen!!
XRP/BTC is going to POP!
XRP/USD is going to POP!
And I decided to check XRP/ETH and WOW!
A cup and handle that has been forming got over a year?!
WTF is this?!?
+ We are about to hit the .618 Fib to finish this handle!
more implications that we are about to go up BIG TIME!
I would love for all of you to upvote this and come join my channel! :)