This is how I view the macro trend for XRP\USD at the moment. I expect the accumulation phase to carry on until August/September before a serious move to the upside confirming a change in the trend. The price may touch again the $0.11- $0.14 zone for a double-bottom pattern confirmation. The fundamentals for this asset are now stronger than ever and the catalyser...
This technical analysis does not involve fundamentalist factors, which are the most important and relevant. As there is no data on it, I just relied on calculations of previous cycles plus the Bulls season data (In general, not only in crypto. I already made a few posts with data about this topic).
If you think $ 360,2232 it's an absurd value, what would you say...
short term $0.20, if a possible golden X forms on 25th (if current trend continues) then possible $0.34
recent news Paypal, Venmo, SBI Asia - ALL Italian banks by end of year on ODL
2017 edgardunn advanced payment report short term $0.20, if a possible golden X forms on 25th (if current trend continues) then possible $0.34
I’ve also highlighted the previous lows, and their respected levels.
IF....this Long trade fails, we maybe in for a big dip down to the $0.15 mark.
No indicators are positive right now, but a Long trade is highly likely.
On the trading instrument XRP / USD. The tool is liquid, predictable and with a high percentage of earnings .
There is a breakthrough in a very important resistance zone . May be a fracture of the main trend.
Also depicted in advance important areas, if the price can not gain a foothold above resistance.
The coin is now located at an important zone - the...