XRP/USD. XRP BROKE OUT OF THE FALLING WELDE
LOOKING AT THE 4 DAYS CHART, I THINK THE CHART SPEAKS FOR ITSELF. IF YOU STILL DON'T BELIEVE IN XRP, MAYBE THE MARKET STRUCTURE WILL CONVINCE YOU. PERSONALLY I LOVE TRADING PATTERNS BECAUSE PATTERN IS A CONSOLIDATION PERIOD AFTER A LARGE MOVE EITHER TO THE UPSIDE OR DOWNSIDE. A BREAK OUT OF A PATTERN GIVES YOU A CLUE ON WHERE THE PRICE IS GOING TO. IN THIS CASE, XRP JUST BROKE OUT OF THE LONG CONSOLIDATION PERIOD IT HAS BEEN FOR SOME YEARS NOW. THE GOOD NEWS IS, IT BROKE TO THE UPSIDE WITH A SIGNIFICANT VOLUME TO BACK IT UP WHICH GIVES US THE CLUE THAT THE DOWN TREND/CONSOLIDATION PERIOD IS OVER.
ANOTHER GOOD NEWS IS THAT WE ARE CURRENTLY HAVING (EMA) BULLISH CROSS ALSO KNOWN AS A GOLDEN CROSS ON THE DAILY TIME FRAME. I'M SURE YOU KNOW WHAT THAT MEANS.
MY PRICE TAGET ACCORDING TO THE PATTERN WILL TAKE XRP TO $1 ON A SHORT TERM BUT THIS WILL TAKE SOME MONTHS SO IF YOU ARE A XRP SOLDIER, FASTEN YOUR SEATBELT BECAUSE THE ROCKET🚀🚀🚀🚀🚀🚀🚀 IS ABOUT TO TAKE OFF.
IF YOU ARE LONG TERM INVESTOR THIS IS A GOOD TIME TO INVEST IN XRP, SET YOUR TARGET AND DISSOCIATE YOURSELF FROM DAILY PRICE ACTIONS.
FOR LEVERAGE TRADERS, A WEEKLY CANDLE RETEST OF THE BREOUT POINT AROUND 0.270OO WILL BE A GOOD LELVEL TO OPEN LONG POSITION BUT MIND YOU ITS NOT CERTAIN BECAUSE OF THE RECENT SHARP PRICE DROP THAT HAPPENED YESTERDAY IT SHOWS THAT THE LEVEL HAS ALREADY BEEN TESTED ON THE DAILY TIMEFRAME SO IT MAY NOT RETEST IT ON THE WEEKLY TIMEFRAME.
THIS IS JUST MY OWN ANALYSIS, NOT A FINANCIAL ADVICE. ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING AND DON'T FORGET CRYPTOCURRENCY IS A VERY VOLATILE ASSET SO TRADE CAREFULLY.
ANOTHER GOOD NEWS IS THAT WE ARE CURRENTLY HAVING (EMA) BULLISH CROSS ALSO KNOWN AS A GOLDEN CROSS ON THE DAILY TIME FRAME. I'M SURE YOU KNOW WHAT THAT MEANS.
MY PRICE TAGET ACCORDING TO THE PATTERN WILL TAKE XRP TO $1 ON A SHORT TERM BUT THIS WILL TAKE SOME MONTHS SO IF YOU ARE A XRP SOLDIER, FASTEN YOUR SEATBELT BECAUSE THE ROCKET🚀🚀🚀🚀🚀🚀🚀 IS ABOUT TO TAKE OFF.
IF YOU ARE LONG TERM INVESTOR THIS IS A GOOD TIME TO INVEST IN XRP, SET YOUR TARGET AND DISSOCIATE YOURSELF FROM DAILY PRICE ACTIONS.
FOR LEVERAGE TRADERS, A WEEKLY CANDLE RETEST OF THE BREOUT POINT AROUND 0.270OO WILL BE A GOOD LELVEL TO OPEN LONG POSITION BUT MIND YOU ITS NOT CERTAIN BECAUSE OF THE RECENT SHARP PRICE DROP THAT HAPPENED YESTERDAY IT SHOWS THAT THE LEVEL HAS ALREADY BEEN TESTED ON THE DAILY TIMEFRAME SO IT MAY NOT RETEST IT ON THE WEEKLY TIMEFRAME.
THIS IS JUST MY OWN ANALYSIS, NOT A FINANCIAL ADVICE. ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING AND DON'T FORGET CRYPTOCURRENCY IS A VERY VOLATILE ASSET SO TRADE CAREFULLY.
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