XRP - time to explode ?
Hello traders,
Here's a side by side monthly and weekly time frame of XRP against US dollar.
As you can already tell, alt coins has been quite past few weeks comparing to the BTC which it just rocketing towards all time highs.
Fundamentally XRP is one of the alts which had the most partnerships and has done deals even during the bear market, which is why I believe that once the alt season kicks starts it will be one of the first alt coins that are going to lead the way up to ATH.
Techincally on the weekly time frame you can see we have broken above an important level of resistance (0.46) after multiple attempts and rejections which took the prices to exactly 51 cents that confluences with a weekly counter trend line.
As covered on prior analysis, once we anticipate an ALT FOMO into the market from the new investors who missed the bottom of BTC, helped by whales that are going to start pumping alts, we can except .60 cents for XRP as soon as we manage to break above the counter trend line, and the second target would be .70 to .79 cents.
Here's a side by side monthly and weekly time frame of XRP against US dollar.
As you can already tell, alt coins has been quite past few weeks comparing to the BTC which it just rocketing towards all time highs.
Fundamentally XRP is one of the alts which had the most partnerships and has done deals even during the bear market, which is why I believe that once the alt season kicks starts it will be one of the first alt coins that are going to lead the way up to ATH.
Techincally on the weekly time frame you can see we have broken above an important level of resistance (0.46) after multiple attempts and rejections which took the prices to exactly 51 cents that confluences with a weekly counter trend line.
As covered on prior analysis, once we anticipate an ALT FOMO into the market from the new investors who missed the bottom of BTC, helped by whales that are going to start pumping alts, we can except .60 cents for XRP as soon as we manage to break above the counter trend line, and the second target would be .70 to .79 cents.
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