XRP - Last leg of the bear market.
I feel doubtful of a run like 11 Dec 2017 but Dec 10th/11th of 2020 is the bottom of the pinch in this bear market. We might just bottom out and accumulate for awhile or we might get a big kick back up REALLY fast like we did Sept of 2018. Nobody really knows but it would make complete sense with xrp having its first use-case in 2020. If you take notice to the beginning of this year we had a gain of 30% and then those gains were taken back during the crash of the markets but recovered perfectly back to where we started at the beginning of the year. This has started to create a perfect left shoulder (2019 into 2020) HEAD (year of 2020) and now I see us making a right shoulder EXIT out of the bearish market and out of this bullish daily pennant. We are squeezing the end and this gives us our two options...we drip FARTHER than .11/.10c and we hit the very bottom of the triangle...the last drop...or....we have completed the last drop and we aren't going back to that .10c zone and we enter the pattern I would like to see going into 2021..
I have highlighted the spike of 2018 of Sept because I see a similar length spike coming soon. This would give XRP a 2x-3x gain from the beginning of the year price to the end of the year. Either way XRP made its FIRST low this year into a bullish market and first HIGH at .33c ----this leaves us with another clue on observation: We break .33c and we are officially out of the bear market for XRP. That does not mean we will moon to $1 over night (but still possible) it just means that XRP holds a minimum value of .25c and it will begin its climb back up and up and up and up until we break the ATH and set a new record high. Many individuals I speak to about XRP see this happening around year 2023 - 2024
The exciting moment we are looking for is for price to break above the red ribbon. From there price will DEFINITELY go up. The Red ribbon consist of the EMA 750 / 800 / 850 and will reflect another signal that if price holds above the ribbon the direction of the weekly trend has went bullish. Cheers everyone. Bright future is coming...keep supporting Ripple. To end this post idea, I will say this...I damn for sure hope I am wrong and we get a massive run up like we did in 2017 of Dec.
This isn't a matter of "If" It is a matter of "When" and a break from this pennant will tell us.
I have highlighted the spike of 2018 of Sept because I see a similar length spike coming soon. This would give XRP a 2x-3x gain from the beginning of the year price to the end of the year. Either way XRP made its FIRST low this year into a bullish market and first HIGH at .33c ----this leaves us with another clue on observation: We break .33c and we are officially out of the bear market for XRP. That does not mean we will moon to $1 over night (but still possible) it just means that XRP holds a minimum value of .25c and it will begin its climb back up and up and up and up until we break the ATH and set a new record high. Many individuals I speak to about XRP see this happening around year 2023 - 2024
The exciting moment we are looking for is for price to break above the red ribbon. From there price will DEFINITELY go up. The Red ribbon consist of the EMA 750 / 800 / 850 and will reflect another signal that if price holds above the ribbon the direction of the weekly trend has went bullish. Cheers everyone. Bright future is coming...keep supporting Ripple. To end this post idea, I will say this...I damn for sure hope I am wrong and we get a massive run up like we did in 2017 of Dec.
This isn't a matter of "If" It is a matter of "When" and a break from this pennant will tell us.
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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.