XRPUSD before a 9% increase. XRPUSD builds the second rising wave of a dual wave system. My analysis assumes that volatility may start at the D1ATR 50% level. This means that a double bottom can also form. Nevertheless, the rise may continue. The target price is 0.27003usd
Hoping to see XRP back below $0.20 by the start of November, an across the board market crash would make sense right before an election this big.
Another retest of the bottom of Januarys range, a dip below is a great buying opportunity before the great reset.
A short term trendline has been broken and now into the range shown, lets see what the end of October brings. 🤞
XRP moving a little again
9% rise with a 3% fall
sideways for a little
$0.234 lows $0.26 highs
possible retest of $0.234 with a possible push to $0.26
looking at 7th Oct for any bigger moves or volume up or down
Now people before you begin to think im crazy let me explain my theory, dxy is likely to fall from 94 down to 90. xrp price when dxy was at 91.5 was 0.34ish, if we get one more down leg in dxy to 90 i believe this makes the fair value of xrp around 0.39 at the 1.618 extension. this will be met with superior resistance. and price will melt away until another day.
I hope October is bearish for anything that isnt the $, I would really expect some surprises this month in terms of what markets can do.
If XRP can see $0.175 again before November I would be a happy chap, great buying opportunity at this price, this daily fib extension line up nicely with the support below.
Lets see what PA develops at the start of October 🤞
Expecting further drop. Price is reacting to the key level as forecasted. I expect price to at the minimum push down to the trendline. If price breaches the trendline it will likely hit the target as predicted.