[EN] Short term consolidation for XRP as BTC CorrectsXRP is consolidating to break up past 60 cents and beyond. XRP will AGAIN shock people. I have been hearing the same sentiment that we saw in 2017. We will be creating a whole new group of haters who do not know how to invest or trade. XRP has ALWAYS lagged and XRP has NEVER missed a bull run, EVER!
Xrpcommunity
XRP rejects SEC Price Manipulation & Begins it's Alt-season! Hey Everyone! Today I bring to you an update on XRP. As we can see after the SEC news, it scared many out of the XRP market, but lets discuss this in depth a bit. The SEC is one part of a government in the US, with most of the trading volume outside of the USA. With US trading mostly halted, it scared a lot of people, but I suspect it was a big money manipulating the market by driving a lot of fear in order for whales to accumulate more before the run up. Black swan events are easy money for a smart investor.
XRP is showing strong signs of trend reversal, making up nearly all of the losses since the SEC FUD event. I expect a little turbulence here as we approach the 80 cent levels, but if we can break this, I think just like 2017, price will rise rapidly, causing FOMO events all the way to my projected target of 10-13 dollars. XRP has a way of surpassing conservative price levels, so I can see XRP beyond these prices by end of year or early next year 2022. I have average entries of 21.8 cents and believe XRP ROI potential will expand and envelope other alt coins as it did in 2017. We also notice XRP tends to lag as others flock into the "hype". Last cycle it was IPOs, now its decentralize finance "DeFi". But as expect XRP will move and move fast as BTC extends to its end cycle.
I am holding the trend to the end and not chasing shorts. I am long until BTC reaches its top.
XRP Crashing Structure and Elliot WavesXRPUSD has confirmed an ABC crash correction. Following will be a 5 wave to over two dollars to catch up to the market. We have serious resistance at 30.5 cents, where you can see multiple touch points that have acted as BOTH Support & Resistance. Once we start trading above this, we should see some aggressive upside moves.
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XRP Perspective with TARGETS!!!XRP has HUGE growth potential. Holding Longs in XRP for the BTC bull market is most equitable. This is a chart that shows fractals, channel of growth, and targets based on fibs (not show in chart). There is a larger move incoming for XRP, while we are range bound at the moment. I am currently LONG from 17.5, 20 ,28 cents. XRP tagets are 10-13 dollars, 20-30, and final stop at 50 plus. No one knows what will happen, but this is in line with a lot of analysts.
XRP Short Term UpdateWe are seeing a Bullish Gartley being formed here at a critical level. We need to catch bids for this to play out, but if BTC breaks ATH and investor interest increases, we will see higher continuation. XRP is sometimes hard to call price targets at, especially as volatility increases. Most of my bags are long, but expect upside in the short and midterm. Overall my targets are 2 dollars trade and longs at 10-13 dollars. Some other target beyond these levels, but depends on BTC movement.
The Future Of XRP.Here on the (One Day) chart i have mapped out the future price of XRP, bullish or bearish scenario. The yellow dashed line is my short term target if the price breaks out above the purple descending trend line. Honestly, I want to see the price of XRP go above this target, and turn it into future support. Overall I am still bullish for crypto in general. So BTFD