Breaking above the .702 fib extension is a bullish indicator for the currency pair.
My immediate target is up at around 4.30 in the midterm (next few weeks to months).
From there we will have to see if the pair will respect the previous ATH on the pair or if it will execute the massive multi-year cup and handle and break out to ~5.50.
I plan to enter a small...
For those who are unfamiliar Flare Networks (Flare.xyz is their website) is launching +/- two weeks from then end of June.
Flare is bring a trustless way to issue assets on the XRPL and is enabling smart contracts for non-turing complete blockchains!
From their launch, they are integrating XRP, LTC, XLM and DOGE. Many don't realize how huge this will be for...
Please refer to my previous post for further context.
In that post I describe an unprecedented ascending channel that the XRP-USD trading pair is currently residing in.
This channel forecasts XRP-USD to break the .236 fib retracement level ($1) at precisely the day of the Pre-Trial Hearing.
This fib level is interesting because it was this same level that...
The recent price action of XRP-USD is very interesting.
I have been following this trading pair for several years and couldn't recall or find a time period where XRP-USD appreciated at this angle of growth.
Throughout it's XRP-USD's history it has a track record of moving sideways or going completely vertical.
If the asset continues to move within this channel...
