Bullish Elliot Wave + Cup and Handle
XRP is currently very undervalued
TA wise a breakout is overdue and there are more and more indications that it will occur
My opinion is that if BTC trades sideway, XRP might hit .5000
However if BTC continues to rally, it might continue to dip, looking at the MACD it seems even more like a breakout being overdue
Buy zone: < 3850
Sell zone: > 4000-6000
Target 1: 4300
Target 2: 5000
Target 3: 6000
Long term > 10000
With all the rumor with regards to XRP/XMR/DASH being listed on GDAX
The long term prospect of XRP seems really good!
Good coin to hodl and if BTC dips and you're stuck in a negative position, don't liquidate as you probably might be able to get a profit out of it eventually
TA wise a breakout is overdue and there are more and more indications that it will occur
My opinion is that if BTC trades sideway, XRP might hit .5000
However if BTC continues to rally, it might continue to dip, looking at the MACD it seems even more like a breakout being overdue
Buy zone: < 3850
Sell zone: > 4000-6000
Target 1: 4300
Target 2: 5000
Target 3: 6000
Long term > 10000
With all the rumor with regards to XRP/XMR/DASH being listed on GDAX
The long term prospect of XRP seems really good!
Good coin to hodl and if BTC dips and you're stuck in a negative position, don't liquidate as you probably might be able to get a profit out of it eventually
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.