I'm looking for 8c, then 1.95 in a few years, not in a straight line. TD buy setup at 9 on the monthly in April and 9 on the weekly the week of April 20th. Winter is coming, but there is still time to gather acorns.
Crypto space looks bearish to me, still full of speculative $ with little utility. Much potential for government risk, both long and short. Imagine the US shutters crypto exchanges, or the SEC affirms XRP is not a security. Yet still much potential, worth following.
My guess is XRPBTC isn't going anywhere for the next few weeks, consolidating here before the 200 day MA, then it will be decision time. Hopefully a breakout upwards, as BTC network activity looks stalled to me, while XRPL utility appears to be growing still.
A major downtrend line, + the 200 Week MA + the 200 day MA are right in the 30 cent area. I think the most likely scenario is a retest of the bottom around .22 in the next few weeks, unless BTC and crypto markets push up through the resistance.
Have to get over these two trendlines to have a bright future - probably won't happen without a fight. BTC at a critical downtrend line as well at 8700
If BTC can find an intermediate term bottom here, it could be a strong XRP season. I cant post a second chart it seems, but follow those trendlines back for the larger picture
The biggest question mark is will BTC find a bottom? If it can, the trend vs BTC looks pretty good - XRP is the best performing major crypto over the last month. However XRP needs to break back above .25 into that .25 - .264 channel, then break above that, then break the upward line of the falling wedge. If all of those things are going to happen, it could be a...
Many posts use Poloniex data to draw a "lifetime" channel, but before any exchange listed XRP, XRPUSD had a parabolic high of 10 cents in early 2014 (IIRC) against Bitstamp USD on XRPL's DEX. If you include that high, its something more like this, which doesn't tell anything regarding the near term expectations.
