During this week XRP made a new local high at $0.93, after that had a few % drop (as expected) to re-test the bottom of the triangle, from where it has broken out of. Next we need to (and we eventually will) brake above the green decending trend line where i also expect a re-test of some kind as this trend line is more than a year old at this point.
After eventually breaking above green trend line, which can happen in a bling of an eye sometimes, we should expect a rally to the upwards (like Zilliqa did few days ago), where we also need to watch major fibonacci retracement levels extended over 2021 rally. These are 0.702 ($1.53) and 0.786 ($1.65). Breaking above these and we should be ready to go into a next trading range which i've described not long ago.
I am not a financial advisor so non of this should be taken as a financial advise. Be Well.
XRPUSDT
After eventually breaking above green trend line, which can happen in a bling of an eye sometimes, we should expect a rally to the upwards (like Zilliqa did few days ago), where we also need to watch major fibonacci retracement levels extended over 2021 rally. These are 0.702 ($1.53) and 0.786 ($1.65). Breaking above these and we should be ready to go into a next trading range which i've described not long ago.
I am not a financial advisor so non of this should be taken as a financial advise. Be Well.
XRPUSDT
Comment:
According to the fib. extension levels of the 2021 rally a top of a new trading range could very well get into $7 area. It is expected to even exceed that eventually for very short period of time into $10 dollar area before collapse is imminent and alt season is over.
