As indicated in prior posts, XRP is now approaching the liquidity target levels at 1.55-1.60 levels as part of a final liquidity run.
Possibility exists for extended sell wave as low as 1.06 (worst case scenario imo) but most likely scenario is that 1.35-1.55 will be the zone in which the final low on the consolidation structure is formed. The next move is gearing up to be explosive towards 10$ & then on towards 100$ range once 10$ fails to hold as resistance.
I am convinced we will witness progress on towards 500's within several years (assuming comprehensive integration into financial system etc)...time will tell if we get into the 1,000's!!!
Hope this helped some of you gain (re-)entry at greater discounted levels!!
Possibility exists for extended sell wave as low as 1.06 (worst case scenario imo) but most likely scenario is that 1.35-1.55 will be the zone in which the final low on the consolidation structure is formed. The next move is gearing up to be explosive towards 10$ & then on towards 100$ range once 10$ fails to hold as resistance.
I am convinced we will witness progress on towards 500's within several years (assuming comprehensive integration into financial system etc)...time will tell if we get into the 1,000's!!!
Hope this helped some of you gain (re-)entry at greater discounted levels!!
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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.