You can wait for the confirmation given by the downtrend breakout to reduce risks, but guys, it look like a text book fulcrum bottom that is a powerfull bottom formation. It can always breakdown but now, 80% that it breaks up as XRP don't go down when BTC goes down anymore. I think it's ready to explode, today or in the coming days. 1 month accumulation guys......
The chart speaks for itself. So many bears call for 15/20/25/30 cent basicly based on volume profile. History showes that XRP doesnt give a f*ck about this. In crypto bulls get rekt and bears get rekt. So dont waith to long to get in or you will miss this train.
The blue and pink line cross in 2 days. If we break up the pink line I expect a big bull run, If we break down the blue line a big fall. It's decisive for the next weeks. Hold your breath ! :o
The price action of this last month is looking like a bottom so I expect to break up (70%) but a break down is still possible as this market is savage.
Be carefull.
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...
Self explainatory. START BUYING RIPPLE. Emotional market cycle is so obvious here I really have no idea why people aren'r screaming to buy,buy and buy Ripple.
I don't care if you think that's a shitcoin. I'll be making money out of it nevertheless.
V
The market die. A quick move to 0.25 seems to be needed for a reborn. I think a last rebound to 0.48 will happen short term, a dead cat bounce, before the last capitulation fall to 0.25 euro. It will be the buy opportunity of a lifetime.
Price is at and old weekly strong support tested many times .We have a bullish gartley pattern (pattern in purple) the D point has been tested twice ;Price may go up in order to test pevious important levels . I think trend will keep bullish for few days and may be for weeks . First potential target 0.6 (the 0.5 fib retracement of the last downward movement in...
The correction (wave 4) we are in right now must be from wave 2-3 to reach a proper fib level of .382.
This far I can only count 3's withing the 4th wave indicating it must be a triangle.
Looking at fib extensions on bigger timeframes show confluent ranges around .417 - .421.
Also projecting the first wave as a possible ending 5th wave will result in more...
2 more lower lows to come. First 0.445 then pullback to 0.473, then the last capitulation candlestick to 0.40 probably but not sure for this one... I expect it to be ugly. All that in 6 days or so... You can get out during a small pullback tomorrow to 0.495. Good luck guys.
Guys, little opportunities we have like this one.
Simetric triangle in 1 hr chart.
MACD and RSI also in a simetric triangle.
Triangle are in most cases a continuation pattern (4th wave or B wave).
![XRPEUR: [XRP] A global settlement asset - Retirement by 2021](https://s3.tradingview.com/b/B9njVDnt_mid.png "[XRP] A global settlement asset - Retirement by 2021")
