Stretching Trampoline
Updated
Money Man wrote his first analysis on XRP the other day (linked below) and had to rethink his approach to XRP. As a trader believing he has something to give, he is back again with some modifications. Too many traders give this a go and then that and never get to calibrate anything. One of the fundamentals of trading is measurement (obviously) and he has written about this in previous educational posts. Measure and calibrate and see if your method/style of trading gives you an adequate advantage in the trading vehicle.
Firstly, he is more convinced about the relationship between XRP and its bigger siblings. That is evident once you compare the red oval on the above chart with those on the ETH and BTC charts (also linked below).
A comment by reach01 on the previous XRP analysis has Money Man thinking that, if XRP reacts like ETH to movements of BTC, then XRP would reach Green Targets once BTC stabilizes at a higher price, but reverse mid move if BTC retraces. Then XRP would also have more momentum to the Red Targets than BTC, while being very sensitive again to a “V-bottoming” by BTC.
Conclusion: The short-term downtrend lines are clarified and keeping an eye on ETH and especially BTC will be valuable. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you think that the analysis thread is going somewhere that you would like to know about.
Firstly, he is more convinced about the relationship between XRP and its bigger siblings. That is evident once you compare the red oval on the above chart with those on the ETH and BTC charts (also linked below).
A comment by reach01 on the previous XRP analysis has Money Man thinking that, if XRP reacts like ETH to movements of BTC, then XRP would reach Green Targets once BTC stabilizes at a higher price, but reverse mid move if BTC retraces. Then XRP would also have more momentum to the Red Targets than BTC, while being very sensitive again to a “V-bottoming” by BTC.
Conclusion: The short-term downtrend lines are clarified and keeping an eye on ETH and especially BTC will be valuable. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you think that the analysis thread is going somewhere that you would like to know about.
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Previous XRP contribution 
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Related BTC contribution 
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Related ETH contribution 
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Keep an eye on this chart. Movement into Decision Box 2 there should see XRP in Red Target 2 and a break of the Decision Box 2 there makes Red Target 3 on XRP a good possibility 
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Next XRP contribution 
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