Long

PULL BACK TO ATH? - BULLISH STRUCTURE HOLDING

As illustrated, XRP is making yet another bullish structure and it seems that it's breaking out of it.

Be careful as this might be a choppy lift off, since XRP is very close to reaching historical high, and sellers might step in to put pressure by selling near the 2.50 - 3.00 price range.

However, I visualize bulls taking XRP to fresh ATH near the $3.0-$3.3 price range. Somewhere between $3.30 and $3.35

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GOOD LUCK!

Note

5m Bullish volume starting to pop up - hopefully it holds for at least 1 hour to invite more buyers.
Price is still within the buying range.
$2.00 would be the strongest most psychological price level.

Note

1H Timeframe:

Price crossed the 100 SMA to the upside on Saturday DEC 7th; excellent bullish news that shows a healthy and sustainable uptrend.
It is also good news that this occurred during the weekend, as it reflects natural retail demand and not algorithmic trading from financial institutions.
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Friday's and Saturday's Daily candles closed bullish, showing a clear bounce from the major support area illustrated; another good signal that demand is holding and not decreasing (buying power).
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Between today and Tuesday of next week, the weekly low should have been created.
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By Thursday to Friday, price should break the $2.90 high, unless selling pressure increases during the week and further consolidates price into the up-coming week of the 16th of DEC).

Note

$2.35 Price holds. The area illustrated which should hold as support for this idea to maintain its validation.

$2.00 Is yet a lower and stronger psychological price level that could potentially be tested, but it seems $2.30 is serving well.

It is Monday, and this might have been the low of the week.

PersaGold

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