mwinmill

The Sleeping Giant

Long
POLONIEX:XRPBTC   XRP / Bitcoin
It seems just about every coin under the sun has had a mini bull market at once time or another. Few coins have been hit as hard and for as long as XRP. It may be time for a major move. As you can see in the chart, if you look closely, you can see 2 sets of formations, which are fractals of each other. If XRP is repeating the same pattern, based on what I can see, it just finished the last leg of the last part of the pattern. XRP is now primed to make a major move to the upside. If history repeats itself and does another move to the 2.618 from the beginning of this move, to the top, that could take XRP to $5.60. Since this is the BTC trading pair, that could be substantially more if Bitcoin decides to trade much higher over the next few months. The last XRP bull run took 2-3 months to reach it's peak. The one previous took around a month. If this repeats, expect to see this current move to take 3-4 months to reach it's top. The good news is, XRP is just getting started. This isn't written in stone, but the pattern doesn't lie. There is significant signs of a macro reversal here.

Next moves to remain bullish:
1. Break above previous low (2362 SAT)
2. Close above the Daily EMA with energy and confirm it as support (Sitting around 2500 SATS)
3. Make a new higher higher (3750 SAT to be sure of a reversal)

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