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Here is the top-down analysis for XRP, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
XRP / USD TA
If thought 2021 was a simulation with meme dog coins hitting billion dollar valuation, just wait until XRP gets to double/triple digit prices. That truly will blow you away!
Stay tuned for December-->January ;)
In my opinion a last shakeout is incoming, i don't know if this will come from BTC deeper retracement or something about the case. This is something no one wants to see but the market often do what people don't expect thats the hard reality, 95% are actually drawing triangle on this chart thats their last hope. Don't buy blindly, it can also moonshot right now...
The lower trendline has acted as a major support and also resistance since December 2019. It took us 399 days to get from the COVID-19 low to $1.96 which is the same measured move as we had from April to May 2017 or 42 days.
Now it seems like we're following a similar triangle pattern that comes to a point mid July 2022. We could definitely see a breakout to the...
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term...
This is how the 2017 chart looked like and now compare to the current chart.
in 2017 we dropped +20 % and then we saw a huge rally. If it follows the same fractal we might see a rally in the next coming days
Current chart below
Thanks for taking your time to check out my idea 😎😎! Often, my ideas are fast gone from the front page because there are so many ideas on...
Who brought more? I know I sure did! Had a chart from SEPT earlier this year predicting the big pullback.... Now it's a slow bumpy ride up out of here. ETA of XRP rocket 5/1/22.
Little do they know the XRP army stands strong and thy are just allowing us to accumulate more of them ripples.... LOL Was lucky enough get in sub .60 over the weekend - now we wait....
As i mention XRP on Higher timeframe Correction is over near 0.58
Now 1st wave is completed and abc correction may complete near 0.69
Price action at 0.69 will give confirmation for next Bull cycle Target $1.40
I believe the price for XRP has (3) options. There could be more, but to me, these are the most likely outcomes.
UPCHANNEL - XRP price can respect the lower trend line of the channel here, and continue higher.
TRIANGLE - XRP price can move higher, but continue respecting the triangle in a corrective manner.
CORRECTIVE CHANNEL - As long as price remains...
on Weekly Time frame we can see Five Impulse wave pattern is unfolding
It seems leading diagonal pattern is unfolding.
XRP is in Wave (V) and trend line of the previous wave I & III top is intersect near $5 for wave V
If it stay above $0.58 then we may see huge bull run for $5 in XRP.