I see a clear double bottom. Almost a triple bottom. Strong support @ $.88. Hold onto your hats folks. Time to fly!!
So I think xrp can go one of two ways. Of course me being a bull, I'm taking the bullish stance. If we break the pivot point, I suspect we'll fall back into the descending channel. If we continue consolidating, I suspect we'll see a nice run. My target date is still December 3rd as I said earlier this last week. And as always I don't predict PT's. Hang in there!
Moving on from my last 2 posts, the breakout has been confirmed. We are no longer in the descending channel which began back on November 8th. I put a smiley face where we could see major resistance. If we break through that.... I don't like giving PT's, but I suspect a major move up!!
XRP is riding on the upper portion of the descending channel. As you can see, this morning we had a small breakout. As I had previously reported in my last post, I believe a full and explosive breakout is imminent! I can't offer a price target, but my best guess on date is Nov 23-26th. Patience continues to play a major roll in XRP. You know its worth...hang in there :)
I suspect 1 of 2 scenarios. Scenario 1: We consolidate for a few more days, and on or around the 26th we break out around $1.10 (PT unknown). Scenario 2: We continue in the descending channel until around $.96->December 3rd, and then break out. Either way, within the next few weeks, I see a major move upwards. Again, PT unknown. I am personally hoping for scenario...