XRP - Another 83% - 350% pump is very likely! (must see)
Updated
- Another 83% pump to 1.3244 from the current price in the next few days or weeks is more than likely! Why 1.3244? It is the next strong resistance because we have there the 0.618 Fibonacci retracement from the previous major wave. Also, there is a trendline from 2018 -> 2021, which is dynamic resistance, but it's near the specified FIB level!
- XRP looks very strong because bulls were able to break a falling wedge pattern and an ascending triangle pattern on the weekly chart! Together with the recent bullish news, the XRP coin surged after a judge delivered a huge win to Ripple in the SEC case.
- If the bulls are able to break the 1.3244 level, then the next resistance I see is the previous all-time high from 2018, which is at 3.2834. But make sure to sell your XRP here, because it's probably not going to break on the first touch. And a 50% or 70% crash from this level is very possible!
- The market cap of XRP is $38,028,893,068 compared to ETH $232,527,075,117 and BTC $589,643,779,223. The market cap of XRP is pretty big already, so there is not too much room for some crazy 100x profit. Make sure you understand it if you are a hodler and expecting moon gains. 350% to reach the previous all-time high is definitely possible in the medium term.
- What do you think about XRP? Let me know in the comment section right now!
- This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
- XRP pumped from 0.49 to 0.92 and made a 100% profit in a single day. It was rejected by the 0.618 LOG FIB and the middle of the previous triangle from 2021. Now the price is around 0.72, which is a pretty good pullback to buy XRP.
- Thank you, and for more ideas, hit "Like" and "Follow"!
Note
Very important update for XRP. This is my XRPBTC long-term analysis (2014-2023). The price is very choppy because XRPBTC is not a trend market; it's something like an oscillator / VIX. What you want to do is buy low and sell high (or exchange BTC for XRP) because there is no expectation for XRP to become the #1 cryptocurrency with a higher market cap than Bitcoin.Note
CoinBase, Kraken, Bitstamp, Gemini, and more exchanges are going to list XRP back in their portfolios. It should happen in the immediate short term. This is bullish news for the future price.
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