XRP long [2021-2022]
Here is a view of XRP
The chart shows us:
Maxed out upon a weekly level to year highs of 0.792* rejection upon a fractal.
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season in which we have seen a whipsaw effect taking price back to the demand zone.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for 900bn and the vaccines are now rolling out XRP does not directly link to the USD but the chart is now providing probabilities of longs as the consolidation period of XRP is around one year long.
The US market is looking to continue growth upon the federal spending and position itself with forecasted growth into 2021.
As with the Cryptocurrencies - expect this take gain further traction.
Zones to watch
$0.61 - 0.65
Expect targets to be $0.80 and for longer term investment methods upto $2.00
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Regardless we will continue producing analysis.
Thanks,
Team Lupa
The chart shows us:
Maxed out upon a weekly level to year highs of 0.792* rejection upon a fractal.
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season in which we have seen a whipsaw effect taking price back to the demand zone.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for 900bn and the vaccines are now rolling out XRP does not directly link to the USD but the chart is now providing probabilities of longs as the consolidation period of XRP is around one year long.
The US market is looking to continue growth upon the federal spending and position itself with forecasted growth into 2021.
As with the Cryptocurrencies - expect this take gain further traction.
Zones to watch
$0.61 - 0.65
Expect targets to be $0.80 and for longer term investment methods upto $2.00
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Regardless we will continue producing analysis.
Thanks,
Team Lupa
Related publications
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.