Dear members of tradingview,
THIS IS PURE SPECULATION, TRADE AT YOUR OWN RISK
XRPUSD has been consolidating in the 0.22-0.26 cents range for 60+ days now, which is very long. It might be very upsetting for XRP baghodlers to see Bitcoin taking the lead while XRP is just laying still, ranging and getting rejected by the 0.328 Fibonacci retracement level or the 0.26 price level resistance. For the technicals, I see a reverse Bart Simpson pattern.
However, if we look at the past, we see that XRPUSD blasts like a rocket when BTC consolidates. I think this will be the case for XRPUSD as well, my expectations are that XRPUSD will go up and break the .30500 resistance level, that is a major one. I expect XRPUSD to reach 0.55-0.70 levels before a next consolidation.
Now is the time to accumulate more, and for all the BTC-hodlers, I expect BTCUSD to reach 16000-16500 before a consolidation, then the altseason will start. We might expect 2 altseasons as seen in the past, but you need BTCUSD to lead the way before alts can follow. I do expect BTCUSD to reach 70-80k eventually.
Patience is key!
THIS IS PURE SPECULATION, TRADE AT YOUR OWN RISK
XRPUSD has been consolidating in the 0.22-0.26 cents range for 60+ days now, which is very long. It might be very upsetting for XRP baghodlers to see Bitcoin taking the lead while XRP is just laying still, ranging and getting rejected by the 0.328 Fibonacci retracement level or the 0.26 price level resistance. For the technicals, I see a reverse Bart Simpson pattern.
However, if we look at the past, we see that XRPUSD blasts like a rocket when BTC consolidates. I think this will be the case for XRPUSD as well, my expectations are that XRPUSD will go up and break the .30500 resistance level, that is a major one. I expect XRPUSD to reach 0.55-0.70 levels before a next consolidation.
Now is the time to accumulate more, and for all the BTC-hodlers, I expect BTCUSD to reach 16000-16500 before a consolidation, then the altseason will start. We might expect 2 altseasons as seen in the past, but you need BTCUSD to lead the way before alts can follow. I do expect BTCUSD to reach 70-80k eventually.
Patience is key!