XRP is clearly bottoming out and I expect this pair to reach or demand zone one way or the other. Here I show my personal expectations about where price will go in 2023. As you can see, the demand zone that formed, is still fresh to be touched and I expect there to be a lot of institutional buyers in this zone. Ofcourse we will have to take into consideration...
This is what Xrp is setting itself up for! It's coming... 🚀
I called 0.35 cents when Xrp was 0.38 cents & we have just received the perfect rebound, then back to 0.39 cents instantaneously! Verifying strong resistance at the uptrend line. Highly unlikely we'll ever see below 0.34 cents again. Xrp ftw!!!
Amateurs keep posting 0.28 cents and 0.30 cents for Xrp. In one of my previous posts I have already given a reason why it's very highly likely Xrp will never go below 0.31 ever again. That reason is because of the overall trend setting upwards pathway of the Xrp chart direction. The trend! As well as 0.31 cents BIGTIME support! (See my linked chart.) The trend is...
Xrp is now being tight squeezed! Something BIG incoming! This is also a huge falling wedge and a falling wedge is more so likely a bullish scenario as the sellers lose selling pressure. If Xrp breaks up through this falling wedge we could see huge potential gains for the XRP Community 💪 Brad Garlinghouse said it just the other day that he believes the SEC lawsuit...
- We need to see XRP break out of that triangle, it may consolidate up and down until the case is not over and then once it breaks out we will see ATH very soon. - We may see it drop as a low as $0.50 before we go back up!! NOT FINANCIAL ADVICE - INVEST AS YOUR OWN RISK (DO REMEMBER THIS IS A ISO20022 COMPATIBLE CRYPTO - SO VERY HIGH CHANCES FOR MASSIVE RETURNS)
It's just another year.. and larger time frames this time round. Xrp about to explode! Pack your bags.. we're going through the Moon! 🚀🌙
- As we can see XRP is still following the long term trend line - This trend chart pattern is very similar to DOGE coin (I am not comparing XRP to doge in any way, just saying how similar the charts are) - We could see XRP top off around the $100 once the lawsuit is over, but I do not believe it will go up really fast, it may do some short term pumps due to then...
- As we can see we are edging to the end of the trend line - We could potentially touch around $0.52 before we head up to $15 NOT FINANCIAL ADVICE!
- As you can see XRP is still within the long term TREND line. - It could potentially consolidate between now and September, however it will need to break up or down! - With the SEC case XRP is still being supressed as they don't have the green light yet and I know the governments in this world are full of corruption and greed, they want to remain the elites,...
- As we can see the trend line is broken and we could drop down a little before we continue up!! - There has been too much good news and ODL adoption, where I believe XRP will show this on the charts! - The Bull market is still on we sill have not broken the ATH!!!
- As you can see we are on the edge of the trend line Scenario NO 1: We break the trend line for a short period of time like we did when the SEC sued RIPPLE, then we work our way up again. Scenario No 2: We continue to the upside and continue consolidating until the case is over or if BTC starts dumping, however I believe we could be in a short term correction...
- We could see a miner break out down to around $0.45 (£0.33), before we make our move to $6.60 (£7.41) - Anything can happen!!
- The Green lines are your resistance lines - The Red lines are your support lines - Worst case scenario we could see $0.50 - Best case scenario we could break the $1.80/90 + - Anything can happen in these markets, you just have to be prepared !!
- As you can see XRP broke slightly below the 50 EMA channel, indicating a sell off, however if you look carefully it did that before aswell and wat happened after that? - We saw a 1,058% move to the upside if that plays out again, then we could see around $6.60 XRP (£4.87)!
Each day going forward I would like to follow the progression of XRP price till we get to the high and beyond. What a journey it has been thus far.
XRP has followed a very consistent pattern found on the monthly chart via it's rises, retraces and closes. It isn't hard to see. Note my previous linked vids I have done in the past. There is no sense in churning out vid after vid each week on XRP like all the Youtubers who need their click revenue. But then again, maybe you're trying to scalp or day trade it....
Should hold around $1.53/61.8 Fib level. Very strong support. Then push towards $2 this weekend