XRPUSD 100% Success on this Fibonacci patternXRP is currently consolidating after its late April bottom. Since February 2018 it has been making Lower Highs. Quite interestingly every High that followed and top made, it was rejected roughly on the 0.618 Fibonacci retracement level of the previous High to bottom. So far we can count 4 successful incidents in the last year, which makes it a highly successful pattern.
Assuming April 25 was the bottom, at the moment the next 0.618 Fibonacci retracement level is 0.34000, which is my long target.
Once this Lower High sequence breaks and a Higher High is made, we can safely assume that Ripple will initiate its next Bull Cycle.
After all, as pointed out on my long term XRPUSD outlook (comparing the 2015/16 cycle wo the 2018/19), we are only a few months away from an aggressive break out to new All Time Highs:
What do you think of XRP and this Fibonacci sequence? Can it work again? Is XRP only a few months away from new Highs? Let me know in the comments section!
Ripplesignals
XRPUSD Only a few months away from the All Time High!Don't get carried away by the recent price action. XRP is simply copying the pattern of the 2015/ 2016 cycle. Based on that we less than 5 months away from the next mega bullish break out that has first target the previous All Time High.
Keep it simple. It is a cyclical process.
XRPUSD Path to 0.9200The 1W pattern on Ripple is a parabola. With 0.24717 holding since August 2018, an upside momentum is being built. That is largely thanks to the double bottom at 0.28600 on December and January. As long a 0.28600 holds, I expect the parabola to trade the bullish sequence in a similar fashion it traded the bearish, making a symmetrical pattern. This has the potential to hit 0.92000 before the end of the year.