A closer look at Ripple ( XRPBTC ) on the weekly time frame:
- On the far right, we are looking at the highest bar since January 2018, so big buying is going on at current price levels.
- The red arrow is the less likely scenario. If we look at past history Ripple ( XRPBTC ) prefers to do massive impulse waves to the upside, green arrows. More likely, if we go the red arrow way, we would have some more retrace followed by an impulse as can be seen with the green arrows.
- We are looking at 138% profits potential from the current price (0.00004885) to September '18 peak (0.00011660), and 370% profits potential from the current price to January's '18 peak (0.00023124). Of course, Ripple can go much, much higher. New all-time highs will be hit on the next cryptocurrency bull market bull run.
- The hit as low as 23, the lowest ever for the Ripple pair XRPBTC on Binance. With the huge increase in buying at these lows, we can expect additional action to start for Ripple soon.
All details are drawn on the chart.
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