XRP - Another 48 days left for any major movement

Updated

I think the graph speaks for itself.
In terms of XRPBTC pair, I see further down movement in the coming weeks. My next research will be about how this relates to BTC price action against USD.

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so far so good

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coming soon!

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The time is coming very soon! This is going to be explosive! XRP logo ´X’ like Space X logo ´X’ not to the moon but to Mars! :D

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The moment is now or never!! Many Alts are as well at the end of a major triangle and a descision has to be made!!

I have a bias towards uptrend but the volume is not https://there...https://www.tradingview.com/x/fGTcrIII/

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We have gone pass the 48 days with little action. The previous bullish cycles are not relevant anymore. Instead I have drawn a channel to better understand the price action. Some really interesting intersections occur. I know want to wait and see how price will behave when we reach the lower section of the channel

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Possible long term targets if we remain in this channel. I imagine we could see prices up to $20 in the next bullrun (if any) this would represent a 7500% from current prices. ‘Small’ compared to the 26000% of the previous bullrun

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We have reached the lower section of the channel sooner than expected but I expect prices to test this line multiple times over the next few weeks. If this line of support becomes resistance on the weekly chart then that would be bad news.

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No big surprises so far and moving as previously suggested. It will be interesting to see where altcoins will move when Bitcoin makes a major move. I expect Bitcoin to move higher and the alts moving even higher and the BTC dominance to drop but I could be very wrong XD

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1D chart

Poukitoun

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