Xrpanalysis
XRP BROKE & CLOSED TO THE DOWNSIDE!- As you can see we have broken out of the daily triangle pattern to the downside and a couple candles have closed outside the triangular pattern.
- This could mean a further drop for XRP, but if you know what you hold, you will keep holding and DCA (DOLLAR COST AVERAGE) into XRP on a monthly basis.
- NOT FINANCIAL ADVICE!
XRP DAILY ANALYSIS!!- As you can see we are still within the long term trend.....XRP has stuck to this trend line so perfectly.
- Once this case is over we could see XRP reach around $90 (£70) before 2025!
- Just a quick reminder, TESLA went up after the lawsuit by 3,200% within 3 years!
- My message here is that don't expect XRP to fly to 2-3 digits straight away, it could take some time, just hold, accumulate more and HODL!
XRP DAILY ANALYSIS!!- Hello everyone, hope your all having an amazing weekend so far!
- As you can see we broke out of the small triangle that XRP has formed.
- This happened before aswell and then we shot right back up, there is way too much utility and upside for RIPPPLE as a company, we will see a breakout soon guys.
- HODL STRONG and keep stacking your bags!
- NOT FINANCIAL ADVICE!
XRP DAILY ANALYSIS!!- As you can see XRP is still consolidating, once the lawsuit is over, whether XRP WINS OR LOOSES, the price will still go up, take KIN coin into consideration, they got sued by the SEC, lose the case, was fined around $5 million dollars, was deemed a security and the price still shot up around 17,000% within 3 years!
XRP DAILY ANALYSIS!!- As you can see we potentially could be sitting inside this trend, remember everyone the markets don't move your way, so be prepared for anything to happen, this is crypto haha.
- Long term I do see double digits, but lets see how bitcoin performs as its the leader in this BULLRUN!
- Also XRP under $1 is always a bargain :D
- NOT FINANCIAL ADVICE!
CHINESE BAMBOO TREE ANALOGY ON XRPThe Story of The Chinese Bamboo Tree
- Like any plant, growth of the Chinese Bamboo Tree requires nurturing – water, fertile soil, sunshine.
- In its first year, we see no visible signs of activity.
- In the second year, again, no growth above the soil. The third, the fourth, still nothing.
- Our patience is tested and we begin to wonder if our efforts (caring, water, etc.) will ever be rewarded.
- And finally in the fifth year – behold, a miracle! We experience growth. And what growth it is! The Chinese Bamboo Tree grows 80 feet in just six weeks!
Ripple & SEC Settlement In April? XRP Rounded Bottom HOLDING!Will we see the SEC settle with Ripple in April? Here is the rounded bottom update and some price targets on how I could see this playing out. We also have the weekly inverted head and shoulders target of about $1.50. If this plays out we could see new all time highs on XRP into May.
Whales Smell Blood In The Market, Bulls Dominance!Weekly Time-frame
We are now in the supply zone and in the resistance area of Fibonacci Retracement 0.236 ($47,463). We are also having some rejection in the supply zone. We hit $48,200 and tap out from it we might see some correction as we already have the correction.
1D Time-frame
$47,400 is the top currently in our 1d time-frame. Greed and Fear index is still in #55 which is greed. We can expect more people looking to long the market but short is most likely a better option.
4H Time-frame
We are currently in the bear trend. we have created double top. we have reached the top already for this rally and now starting to retrace. We are bouncing back and forth in $48,000 to $46,500. That's where supply and demand zone are waiting.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.