if you all remember, XRP fell down to the 0.16-0.15 support on August 15 and again on sept 15 and finally going sideways a few months before running up to its ATH in dec 2017 (with no proper fundamentals). It shot up because BTC finished its bubble formation. I believe something like that could be happening again as XRP is somewhat following the same 2017 pattern and because BTC is getting ready to finish its run towards the 70,000 - 100,000 price point.
Most recently, XRP has touched the 0.178 price range and we have NOT YET retested that line. I highly highly believe we would need to retest that price before moving up. MACD is showing similar signs from the december dump and RSI is reaching overbought levels, telling us that there is a high probability of us falling down. Taking the previous dump into consideration brings the TA below the 0.35-0.09 level, when this happens, when we retest that 0.17 line, this WILL either bring panic and could actually bring the price down towards the 0.09 or worse, the 0.05 level and then see a very sharp, face melting wick that could potentially bring us out of hell and towards a new ath. this time with more institutional fomo and public fomo because of fundamentals.
first scenario is only reaching 0.30-0.20 price range.
second scenario is breaching the 0.1 price range further bringing us to 0.09 or 0.05
I doubt the second scenario will happen, gives me only 35% probability of it actually happening.
but if it does go down below, you''ll be seeing me buying your bags.
I'm long XRP, very bullish INDEED. but please take this perspective with a grain of salt as I'm only trying to see things differently in case anything happens.
better to be prepared no?
but,
as we all know,
only time will tell.
tick tock.
Most recently, XRP has touched the 0.178 price range and we have NOT YET retested that line. I highly highly believe we would need to retest that price before moving up. MACD is showing similar signs from the december dump and RSI is reaching overbought levels, telling us that there is a high probability of us falling down. Taking the previous dump into consideration brings the TA below the 0.35-0.09 level, when this happens, when we retest that 0.17 line, this WILL either bring panic and could actually bring the price down towards the 0.09 or worse, the 0.05 level and then see a very sharp, face melting wick that could potentially bring us out of hell and towards a new ath. this time with more institutional fomo and public fomo because of fundamentals.
first scenario is only reaching 0.30-0.20 price range.
second scenario is breaching the 0.1 price range further bringing us to 0.09 or 0.05
I doubt the second scenario will happen, gives me only 35% probability of it actually happening.
but if it does go down below, you''ll be seeing me buying your bags.
I'm long XRP, very bullish INDEED. but please take this perspective with a grain of salt as I'm only trying to see things differently in case anything happens.
better to be prepared no?
but,
as we all know,
only time will tell.
tick tock.
Trade active:
bought with 5% fiat at 0.4558