Welcome to this update on the most accurate XRP analysis on TradingView :)
This is a follow up on my previous idea, which forecasted an XRP drop of 30% in the coming days, see previous idea at :
Now, we have pretty much different situation, completely opposite, since of long XRP consolidation and previous volatility shown as it peaked from 27 cents to 80 and bled out.
Ripple should make his next uptrend to resistance level 8800-10.000 sats which should equate to XRP's output 80 cents at btc worth 5000+$
There will be enough accumulation for big price spike in short time period.
* Price buy in range current one.
* Target over 0.80$ (probably going over 0.82, even higher, but even " conservative approach as this one is bringing us Return on investment 242% price change (if holding from 33 cents to 80 c ents (depeding how "far" will you go% when cashing out your position if bought under 0, 335 $)
* Time period 7 days
So far, XRP has dropped massivly, as fell from 11700 sats when spiked from 27-80 cents, but, since then consolidating without making any significant change in USD output.
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In this post I will be brief, because there is not too much to add to the analysis posted on the 5th October.
Here are some interesting facts:
* Marketcap of XRP on the 5th October was 21.2 billion US dollars
*At the time of posting, the XRP price was 0.52 USD.
*In the meantime, XRP has deflated by more than 12% (in 5 days ).
*Current XRP marketcap is 14 billion US dollars (compared to previous 24 billions )
*Current XRP price is 0.33 USD which is consdidered very good entry price for this range of BTC
*XRP has tendency to go over 1,20$, but let's not be greedy, 142% profit is superb.
IMPORTANT:
XRP is generally bullish .
Daily RSI indicates further upward momentum.
Next uptrend levels would be (0.41$, 0.44$, 0.48$, 0.55$ and eventualy 0.80$)
Most likely we will see further strong push on XRP (as per chart decribed).
I would recommend rebuy on XRP (you saw yourself previous scenario during Bitcoin deterioration from 18th to 22.nd of December, XRP MADE BULLRUN, UPTRENDING MASSIVLY TO 20.000 sats.
I've mentioned that in my idea which was posted 5 days before Bitcoin drop from ALL TIME HIGH in which one is suggested that despite deterioration of Bitcoin, XRP made it, so you could benefit from it even more (if cashing out as per TA posted) and suggestion given at IDEA:
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