XRPUSD is doing exactly as predicted 3 weeks ago - following the downward trendline, hitting $0.47175 at the exact point on my chart and on its way down towards $0.36 and even lower.
Currently XRP is following BTC to an extent but if it decouples from Bitcoin as many claim it will, then we might be seeing it plummet quicker.
I will get very LONG when it gets...
This is the 3rd update to my first analysis on 20 June 2018 where it became clear where we are headed. So far it has been pretty accurate and I stand by these figures.
Next target - $0.36 and maybe even lower before we can expect a major turn in the market and the Bulls would take firm control again. I have no doubts that we'll see some bounces along the way but...
XRP still following the trend line down towards $0.36, trading below $0.47175 despite the huge crypto pump. Bounces will happen, potentially trapping many traders.
As I said, anything can happen but I believe we have not seen the bottom yet.
XRP hit my first target sooner than expected and on its way down to the second target of $0.36 following the trendline.
Anything can happen but I doubt it will turn bullish anytime soon....
BEST OF LUCK
I believe XRPUSD is in trouble along with most altcoins. I cannot predict what will happen in future but looking at the trends it seems obvious.
I also believe that once XRP hits these levels, we could see small bounces but not strong enough to reach and sustain new highs until we hit $0.22 - $0.23
ONLY TIME WILL TELL...
Now call me crazy but I just saw something which got my attention.
Dec 22, 2017 - Look at the pattern and compare it to what is possibly forming at the moment. I see great things for XRP in the second half of February 2018.
From where we are now, end on $0.83 the 13th, shoot to $0.94 the 16the and then to the moon.
I like what I see....
This is not based on a professional's view but rather just what seems the obvious.
In my opinion the downward trend would continue till mid February where it will reverse and climb steadily to $1.32 plus.
What are your views on this and trading strategies going forward?