XRP has been one saga to follow over the years..
It has produced famine and fortune..
Again we are looking at a potential setup that could send us to test and possibly break the old 2018 ATH.
I mean if your following XRP similar to my path your expecting it to break that old ATH...
However, negativity surrounding the lawsuit and regulations looms amongst the talking points.
But doesn't negativity seemingly always loom around? I mean could you escape it realistically?
I believe not. However, there is always the option to ignore it.
Big risk brings big reward.
ANALYSIS***
Stochastic RSI has been oversold since late May 2021. It is now turning vertical and breaking back into the bottom of the bearish zone.
MACD is rejecting a move into the negative zone and also turning vertical which is a very bullish sign on such a high timeframe and produces explosive moves in price action.
Price Action sold off consistently over the summer months and found support of a major resistance level around .55 cents. This area was rock solid resistance for XRP price in both December 2020 And February 2021.
CONCLUSION***
XRP is going to make parabolic moves to breakout beyond its previous ATH in 2018. There is a lot of speculation on the $10-15 for short term targets. I am mostly long term investor with XRP but do trade a small percentage of my portfolio. Following a massive pump we should see price collapse and retest the then old ATH area around $3.50. I will update with new ideas as this story progresses. Interesting times lie ahead.
My opinion only.
Not Financial Advice.
It has produced famine and fortune..
Again we are looking at a potential setup that could send us to test and possibly break the old 2018 ATH.
I mean if your following XRP similar to my path your expecting it to break that old ATH...
However, negativity surrounding the lawsuit and regulations looms amongst the talking points.
But doesn't negativity seemingly always loom around? I mean could you escape it realistically?
I believe not. However, there is always the option to ignore it.
Big risk brings big reward.
ANALYSIS***
Stochastic RSI has been oversold since late May 2021. It is now turning vertical and breaking back into the bottom of the bearish zone.
MACD is rejecting a move into the negative zone and also turning vertical which is a very bullish sign on such a high timeframe and produces explosive moves in price action.
Price Action sold off consistently over the summer months and found support of a major resistance level around .55 cents. This area was rock solid resistance for XRP price in both December 2020 And February 2021.
CONCLUSION***
XRP is going to make parabolic moves to breakout beyond its previous ATH in 2018. There is a lot of speculation on the $10-15 for short term targets. I am mostly long term investor with XRP but do trade a small percentage of my portfolio. Following a massive pump we should see price collapse and retest the then old ATH area around $3.50. I will update with new ideas as this story progresses. Interesting times lie ahead.
My opinion only.
Not Financial Advice.
