As you can see there is a bullish divergence on the XRPBTC 1D chart. This recently happened just 6 months ago between August and September 2019. We saw a 35% increase followed by a 38% increase after the first retrace (20%). We are in an eerily similar situation right now. We just saw a bullish divergence take place between December and January. We saw a 34% increase in price and we have since seen about a 20% decrease since peak price. I have drawn out various support/resistance levels on the chart. If history repeats itself, as it often does, we should see a 38%+ increase in price. The top price target is 4,150 sats which should be hit within 30 days from today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.