The_Yeager

XRP Watch for the double bottom --> 0.37 --> 0.47 . --> 1.00

Long
The_Yeager Updated   
XRP is bouncing along its 2 year support. You can see recently where it touched $0.295-ish and was rejected hard. I suspect that BTC will take another small dip to test support around 9300/50 in which case XRP will follow suit, testing the two year support around 0.28 - .295 - This will be my prime purchase opportunity.

Buy 0.28 - 0.295
1st target 0.37 - 0.38
2nd target 0.45 - 0.47

long target 1.20 by Dec 2019.
Comment:
Looks like BTC is having difficulty pushing through 10.6k and is possibly forming the right shoulder of an H&S pattern. If BTC doesn't break up now I think it will begin to descend and eventually retest 9050-ish. XRP will most likely follow my proposed idea above.
On the other hand if BTC breaks through and climbs to resistance around 11.7k
I think we will see XRP reach first target at 0.37.
Comment:
Strong support right now around 10.2k for BTC. XRP is sticking right with it as far as drops and rises. I don't think XRP will hit its lowest buy at .285-ish. It will probably stay at .30 and maybe as low as .295. Whatever the case it will be a higher low.
If it drops below 28... I quit.
Comment:
XRP showing strong support at .30/.31 even as BTC moves higher and lower. The above scenario seems to be playing out as expected. I think there will be a big jump the last couple days of July. This is assuming that BTC stays above 9k. The MA will form a golden cross for BTC. This will bring big investors.

Trade at your own risk. Be smart. Be safe.
Comment:
theres the second bounce. .299 Almost right on my timeframe. I expect that its going to be up from here. volume has increased and it bounced pretty hard. Though I'm only beginning to share my ideas so take that into consideration.
Comment:
The timing of this chart is pretty spectacular. BTC is showing signs of a reversal move up currently sitting at 10.35k-ish. If BTC begins to accumulate here I think the alts coins and xrp will begin to make a move up as well. We may see a test of .34/37 in xrp over the weekend. Again this is if BTC stays above 10.2k. If BTC decides to retest 10k it may take a bit longer.
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.