This is my last idea for XRP before it hits $1.00. Unfortunately both of my previous XRP ideas got invalidated given that Bitcoin - went far below the yearly support amid hard forking and "hash wars". Moreover - Bakkt has postponed their futures contract launch - factor that will encourage institutional investors to stay on the sidelines longer. Sadly but XRP is not as immune as I expected it to be, especially against the fiat pairs - XRP is still largely influenced by Bitcoin although it tends to stay above August -September which is impressive. Currently keeping an eye on this potential falling wedge pattern. Price should break up and hit 0.42-0.44 in the coming week unless there is another total breakdown of Bitcoin. Should BTC head lower - it is quite possible to see new lows for XRP too.
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.