XRP - Catching the ride up to 0.38
Currently trying to find a decent entry point to to XRP for a ride up to 0.38 for HODL. VERY QUICK analysis
Following previous ideas of Wykoff accumulation, and recent breakout of pennant and trend, I'm guessing there will be a continued move to previous levels of 0.4ish.
target bounce and subsequent buy zones marked in red with a best guess on trend thereafter.
Estimated timelines are completion of activity is 11th which also corresponds with FIB timelines I plotted.
RISKS
If this is an orchestrated shakout, I would expect to see a further shakeout and FUD seeding post 15th with an announcement on settlement on 16-18.
NOTE, NON US CITIZEN, and 90% + of XRP usage is ex-USA! Please remember that folks!
Any feeback and comments welcome
Following previous ideas of Wykoff accumulation, and recent breakout of pennant and trend, I'm guessing there will be a continued move to previous levels of 0.4ish.
target bounce and subsequent buy zones marked in red with a best guess on trend thereafter.
Estimated timelines are completion of activity is 11th which also corresponds with FIB timelines I plotted.
RISKS
- I expect if this move isn't completed by 15th we'll see interruption due to the other US exchanges' delisting / pausing XRP.
- Announcements by Ripples / SEC will impact
- Bitcoin action may impact this, although not as significantly as previously as we're seeing strong decoupling from BTC and XLM
If this is an orchestrated shakout, I would expect to see a further shakeout and FUD seeding post 15th with an announcement on settlement on 16-18.
NOTE, NON US CITIZEN, and 90% + of XRP usage is ex-USA! Please remember that folks!
Any feeback and comments welcome
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