XRP short term
XRP had a retrace to the 0.5.
I do expect it to go a little lower but we cant break the 0.786 and close a few candles there or this chart is INVALIADATED!
1) *least bullish scenario* if it stays above the 0.786 and we pump the min target is the 1.0fib max target the 1.618.
2) $ mega bullish $ we are in a 5 waves up, 3down then 5back up. Targets are 90cent.
short term:
-lets focus on what price does this week and if the fib levels hold.
-if we pump watch how the price reacts to the 1fib and the 1.618.
Longterm:
-After all that we can still drop to 2-10cents if we break the pandemic lows.
If btc goes as planned and breaks the 25k zone ->28k then we can have an alt season. -> xrp 90cents
*alt seasons only happens 2times
1) if btc makes a new cycle high
2) btc retraces from the 'bearmarket crash'
I do expect it to go a little lower but we cant break the 0.786 and close a few candles there or this chart is INVALIADATED!
1) *least bullish scenario* if it stays above the 0.786 and we pump the min target is the 1.0fib max target the 1.618.
2) $ mega bullish $ we are in a 5 waves up, 3down then 5back up. Targets are 90cent.
short term:
-lets focus on what price does this week and if the fib levels hold.
-if we pump watch how the price reacts to the 1fib and the 1.618.
Longterm:
-After all that we can still drop to 2-10cents if we break the pandemic lows.
If btc goes as planned and breaks the 25k zone ->28k then we can have an alt season. -> xrp 90cents
*alt seasons only happens 2times
1) if btc makes a new cycle high
2) btc retraces from the 'bearmarket crash'
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.