XRP is holding stronger than most alts and is still consolidating between .5 - .45 range.
It broke down from the wedge on the lower timeframes but is lacking power for a full breakdown.
I'm seeing strong odds for a sudden unexpected up move.
If it fails, it should proceed down to lower levels.
XRPBTC is showing high bottom potential
XRP.D is showing high bottom potential
XRPUSD is showing a 5 year long pattern support
But be warned, XRP is going to have massive movements up in the next few weeks/months. I'm fully convinced of this, even if we break down to wick a ridiculous low.
Do not get fooled by XRP, it's going super bull soon.
If we go up, the first target should be around $1.1
It broke down from the wedge on the lower timeframes but is lacking power for a full breakdown.
I'm seeing strong odds for a sudden unexpected up move.
If it fails, it should proceed down to lower levels.
XRPBTC is showing high bottom potential
XRP.D is showing high bottom potential
XRPUSD is showing a 5 year long pattern support
But be warned, XRP is going to have massive movements up in the next few weeks/months. I'm fully convinced of this, even if we break down to wick a ridiculous low.
Do not get fooled by XRP, it's going super bull soon.
If we go up, the first target should be around $1.1
Note
Something similar in 2017:Now this doesn't mean anything. But you can see how XRP is stuck in a very long consolidation pattern and right when BTC starts holding after breaking its initial high (just like we did last month), it's off.
I rather lose a trade or 2 than miss out on this. You?
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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.