A lot of fear happened in the market and a lot of people are out after this flush.
I believe XRP is one of the better looking coins, most coins are trading near all time low while XRP is still trading around 2 dollars.
What i mean is that once buyers get more confident that a bottom is formed, a lot of coins will see 100 or 200% to the upside. While most coins will not see an all time high at that moment, XRP will trade above 4 dollar just with a 100% increase.
When we look at the charts i believe that a 5th wave still need to happen and that we can reach between 15 and 20 dollars at the peak.
Keep a few things in mind what can be a catalyst for XRP to surge.
Many ETF's are waiting to be launched, the SEC will in the near future conclude the case against Ripple..
Let's take a look at following chart's what also can be bullish.
I believe XRP is one of the better looking coins, most coins are trading near all time low while XRP is still trading around 2 dollars.
What i mean is that once buyers get more confident that a bottom is formed, a lot of coins will see 100 or 200% to the upside. While most coins will not see an all time high at that moment, XRP will trade above 4 dollar just with a 100% increase.
When we look at the charts i believe that a 5th wave still need to happen and that we can reach between 15 and 20 dollars at the peak.
Keep a few things in mind what can be a catalyst for XRP to surge.
Many ETF's are waiting to be launched, the SEC will in the near future conclude the case against Ripple..
Let's take a look at following chart's what also can be bullish.
Note
This the inverse chart (upside down)Retest of broken support, ready for continuation..
Note
Note
ETH about 245% away from ATH, XRP 68% awayNote
Note
The bitcoin dominance chart is hitting a RSI level of 70! Which never happened before. IMO ALTS will soon explode compared to BTC.
I'm ready for the final wave up.
Note
Note
On a monthly timeframe we touched the 0.618 fib and 12 EMANote
Trade active
On the 3D chart we see a nice bullflag with a tjhe Pole soon tested again.If we measure the move of the bullflag and project it to a possible bullish break, we could move towards 10 dollar.
Note
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youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
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youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
twitter.com/TheChartingArt
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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.