XRP Reverse Chart
Few interesting points about the reverse XRP price chart:
-Prev. cycle (orange triangle) hit the 55 fib target to a tee and was exactly 2x the triangle pattern target (orange dashed line = triangle target, grey dotted line = 2x triangle target).
-2x the triangle target for current cycle (cyan triangle) sits at the 55 fib as well, which is $173.
-Both cycles made a similar triangle pattern with up trending support and sideways resistance.
-PA is nearing the end of a triangle pattern (white) created after breaking down from the cyan triangle. White triangle ends around late August at the absolute latest.
-Minimum target for both current cycle patterns (cyan and white) point towards $6.5-7 XRP bare minimum.
-My personal targets are based on the 8-21 fib levels of $25-65.
-Prev. cycle (orange triangle) hit the 55 fib target to a tee and was exactly 2x the triangle pattern target (orange dashed line = triangle target, grey dotted line = 2x triangle target).
-2x the triangle target for current cycle (cyan triangle) sits at the 55 fib as well, which is $173.
-Both cycles made a similar triangle pattern with up trending support and sideways resistance.
-PA is nearing the end of a triangle pattern (white) created after breaking down from the cyan triangle. White triangle ends around late August at the absolute latest.
-Minimum target for both current cycle patterns (cyan and white) point towards $6.5-7 XRP bare minimum.
-My personal targets are based on the 8-21 fib levels of $25-65.
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.