As previously mentioned in my last post, XRP has now run its course down to the last high back in May 2018 ($1.50 level).
Hopefully we hit the $1.50 support within the next few mins, and hopefully start the next pump!
XRP is hovering slightly above May 2018's $1.50 all time high, and we can probably anticipate a retest here before our next pump up to $2, if not higher. Hopefully we have one last push down to $1.50 before the next lift off!
XRP took a slight hit today, and is now making a recovery. Hopefully this is the end.....BUT if its not....
Next price we should be pushing up to should be the $1.48 area where the next resistance will be.
If we drop back down again once hitting the $1.48 area, then we will be heading down again to the 50% fib, or even the 61.8% (marked with yellow arrows) fib...
XRP's next 3 targets are $1.96, $2.63, and if we are really lucky, then we may see $3.72 on this next run up.
The TSI indicator is waiting for a crossover, and we are above the zero line, YET we are pumping, so imagine the prices when the TSi decides to cross up. It will be a crazy pump imo, and we will easily surpass the all time high with ease.
Hodl strong as...
Looking good going forward for XRP. We have retraced to the 50 fib, broke out of the 61.8 fib, and now using the 61.8 as support before the next stop which should be at $1.72. This would be a good take profit area for the short term so pencil in $1.72!!
Higher lows made, and looking good for the moment.
A recovery to the 50% fib, and the 61.8% fib is the next target for the meantime.
Any drop, then expect prices to go back to $1 to test the current resistance.
Looks like a short term retracement is imminent, but for how long, and how low will it go before the next pump to $2?
All indicators are in oversold mode.
Will you hodl, take some profits, or buy the current dip??
Last time Bitcoin broke out of it's triangle formation, it did this move on the chart where it exited the triangle resistance, then landed on the outside as support before taking off to the prices we see it at today.
IF Xrp follows this same trend, then we have a target of $5.48 which can be possible if we hit our 1.618 fib level.
Again, a BIG IF.....but, if we...
There is a strong resistance coming up at $0.64c, so expect a big move coming up on the upside or downside very soon!!
Will you be able to hold on, or will you take profits and expect a dip to around $0.57 in order to come back in lower????
Xrp looking very good on a weekly chart, so avoid all the noise on the lower timeframes. SEC case is looking good too, so very good news for the long term holders.
Hold strong as we are heading to a major level very soon at the $0.75 to the $0.79 region.
We are about to hit $0.80 very soon, and then either push down slightly and test the $0.80 again one last...
As long as we dont dump below the last low, XRP has a chance at reaching a minimum of $0.60 which should bag you a 20% gain.
Any higher, then we could be seeing $0.69 which is nearly a 40% gain!!!
On the weekly Log chart, XRP is following it's historical route along the origin-line since 2014, and has already landed, and held onto recent support on the origin line suggesting a possible bull run incoming.
The origin line has been used as support and resistance for as long as the chart has been around.
This could be massive news for XRP regardless of the SEC...
Indicators are looking good and ready for another small pump. Minimum target is a 40% rise from now till then!
Just a thought....Amazon, Google, Apple and Tesla have all been sued by the SEC, and look where those companies are now!!
Hodl as much, and as long as possible!
Looking at the longer, weekly chart, bitcoin has the potential to drop to the £5000 mark.
But don’t forget, we have already broken the previous resistance, and are now using that as support which is a positive.
A big moment for bitcoin, and the next direction it will take.