Not investment advice
My "trading" plan for the next couple of years.
XRP tends to move violently during a 30 day expansion period. It extends to the 4.76 fib extension and then consolidates/corrects for 200 days down 83% to previous all time high. On this chart I've plotted the trend to predict a possible path for XRP.
Fundamentally XRP is utilised mainly in ...
Two bullish patterns can be spotted here. I'll try to enter when (if) price will pullback a little bit to previous candle low and aim for marked targets with drawn stop loss. If it won't come down again, I'll buy breakout out of channel.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Should we close the weekly candle above the green support area, we could take it as a confirmation of a potential bulls entering the game once again. Weekly close above highlighted support area is very bullish for me, definately on short term but we might even see the long term bullish action if we manage to break 0.335 resistance.
But it is already a lost battle, only a matter of time till it loses all gained these last three months. Nevertheless, it will come back with a vengeance.... very very soon. Lowest target could be between 0.19 to .2233 range.