There is no doubt this chart looks good. We have been setting higher lows since September when we got the initial push to the major 11k sats level. Personally I believe then BTC starts the next bull cycle, XRP will be the first altcoin to reach ATH.
If we break 11k, our next big level is 16k which we will by no doubt reach if we break 11k. This is a great asset to buy spot and hold, or to use leverage on (you could short the tops, but that's too risky in my opinion, stick with long plays).
On the mid term we are setting higher lows and we are forming a big bull-flag / bullish falling wedge right now. This meets up with the higher low trend line soon and those two in combination can make XRP break out. I'm super bullish on this chart and it's got much potential for further growth!
Make sure to follow me to get updated charts on XRP :)
If we break 11k, our next big level is 16k which we will by no doubt reach if we break 11k. This is a great asset to buy spot and hold, or to use leverage on (you could short the tops, but that's too risky in my opinion, stick with long plays).
On the mid term we are setting higher lows and we are forming a big bull-flag / bullish falling wedge right now. This meets up with the higher low trend line soon and those two in combination can make XRP break out. I'm super bullish on this chart and it's got much potential for further growth!
Make sure to follow me to get updated charts on XRP :)
Note
Because XRP has been strong in relation to BTC lately, I think if BTC goes for a STRONG push up here, we will see XRP drop into one of my buy-zones. Purely based on price relation, which could trigger the purple scenario. I have already entered my long position in XRP on Bitmex, but will be loading more if we get into the green buy zone. I wouldn't short this ;) Note
XRP is moving as expected versus BTC, in the opposite direction of BTCs dump. It broke out of the wedge and moved up over the trend again. So far looking good for further growth but we need to gain 8200sats and hold to keep the bullish momentum. Note
I accidentally had logarithmic formatting enabled on the chart above. This is the correct one; It's holding the trend as it should
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.