Ripple
Updated
I believe it's time to keep an eye on XRP.
Let me start off by saying that this crypto actually has been in a bull range for quite some time. There was a spike sometime ago, which can be viewed as a precursor for what's to come in the future.
What would I look for to take place?
I want to see a B.A.R. of the mid-range high & monthly EQ ($1.10) before continuantion. The 1st target would be $2.00.
Fundamentals:
-XRP increased by 1.47% on Wednesday, ending the session at $0.6279.
-Crypto market reaction to dovish FOMC projections delivered broad-based market gains.
-On Thursday, focal points include SEC v crypto case-related updates and regulatory chatter.
-Ripple price eyes recovery alongside Bitcoin and altcoins as the Federal Reserve keeps interest rates unchanged.
-In the SEC v. Ripple lawsuit, a ruling is expected in 2024, the window for an appeal extends into 2025.
-XRP price eyes rally to $0.7430, a level previously hit in mid-November 2023.
P.S. The best TF to view price would have to be the 3M. IMO.
Let me start off by saying that this crypto actually has been in a bull range for quite some time. There was a spike sometime ago, which can be viewed as a precursor for what's to come in the future.
What would I look for to take place?
I want to see a B.A.R. of the mid-range high & monthly EQ ($1.10) before continuantion. The 1st target would be $2.00.
Fundamentals:
-XRP increased by 1.47% on Wednesday, ending the session at $0.6279.
-Crypto market reaction to dovish FOMC projections delivered broad-based market gains.
-On Thursday, focal points include SEC v crypto case-related updates and regulatory chatter.
-Ripple price eyes recovery alongside Bitcoin and altcoins as the Federal Reserve keeps interest rates unchanged.
-In the SEC v. Ripple lawsuit, a ruling is expected in 2024, the window for an appeal extends into 2025.
-XRP price eyes rally to $0.7430, a level previously hit in mid-November 2023.
P.S. The best TF to view price would have to be the 3M. IMO.
Note
Currently:3M - 🐂
M - 🐂
W - 🐻
D - 🐂
Note
There was a spike in price that took place back in July on the 13th of 2023. That movement in price action actually pierced the key weekly high, which can be taken as a precursor for what's to come.After price break and close above the weekly high, then all four time frames I've mentioned would be bullish.
We shall see..
Note
A.O.I. $0.20 - $0.33 👀Note
☝🏿THAT is still my projections for XRP. I am overall bullish, but I'm still anticipating some bear action BEFORE the bulls actually flip the market.There have been signs (precursors) showing in price action that the bulls are gearing up to take over, so this is a patience game and you must be disciplined enough to wait on the sidelines until it's time to react... I'll wait.
I'm basically waiting for a sweep of liquidity. 🤷🏿♂️
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.