Short term several traders like @haraldoxrp @pentosh1 @360_traders have noted BTC might go to $18k before moving past $20k. XRP has a similar scenario except it takes a lot more to move this coin. In this scenario I agree with Haraldo when he says XRP could drop to 40c more or less before moving on upwards.
If that support breaks we are looking at a possible ABDCE correction down to 33c. Given the upcoming Spark airdrop and the new Flare network coming for XRP, I think an ABCDE correction is not in the cards for $XRP.
If you look at the chart upside down it looks like the scenario I'm painting holds true. Looking forward to your constructive comments.
I am bearish in the short term, bullish medium-long term.
If that support breaks we are looking at a possible ABDCE correction down to 33c. Given the upcoming Spark airdrop and the new Flare network coming for XRP, I think an ABCDE correction is not in the cards for $XRP.
If you look at the chart upside down it looks like the scenario I'm painting holds true. Looking forward to your constructive comments.
I am bearish in the short term, bullish medium-long term.
