Just a look at btc and altcoins...
If you only looked at the charts $XRP looks like its the perfect buy opportunity. Its back testing a major 3 year support and resistance level, broke out of the weekly Bbands, the BTC pair is at support, and BTC dominance is potentially forming a head and shoulders... What else could you ask for?! Well the SEC would like a word. They just dropped a giant FUDs on...
Algo looking good on multiple time frames with multiple indicators... Do your own research
Low cap coinbase coin looks ready to make a big move on multiple time frames... Bbands are squeezing up nicely. My target is $1.10
Comparing these charts you can see why ETC took off. Double bottom, broke the trend line. The BTC setup is much weaker but it did breakout of its smaller trend. The markets move in tandem and I see BTC eventually getting to the top of the BBand that also has confluence with the larger trend.
Lets see if history repeats... ETC with a nice double bottom looks like its coming alive. Look for the retrace before packing your bags.
if XRP can break its trend line i expect a move just like ETC to the top of the BBand.
Shout out to Blockchain backer on youtube for pointing this potential fractal out. If this TA turns out to be accurate then we have a year to grind it out before the next big pump. The interesting thing to look at is the price levels, not so much the look of it.
Just some crazy TA i have been playing with... i will say that XRP has followed its last market cycle with scary accuracy in looks and percentages but it is still a slave to BTC price for the moment and wont be able to make its major moves until it gets on its bull run. Both cycles it lost 95% from its highs. i estimated out the B bands to what i think will be its...
My thoughts on XRP for the next year... I think a top of $18-$19 is possible.