XRP Growth Potential: Consider The Monthly Timeframe

Nov 23

Good afternoon my fellow trader, I would like to keep this one simple.

When we have such strong action as we are seeing now, the main doubt that comes to mind is always about duration. How long can this continue for? How far will it go? Can it continue higher?

This month we are seeing the biggest monthly session since November 2020. Notice the date. Exactly four years ago. Same month.

This month is ultra-bullish and we have super-growth, just like Crypto. This massive growth is never the end but only the start.

Looking back to November 2020, the ensuing month was red, December 2020 but only as a shakeout month before a major bull-market bull-run. We shouldn't expect something similar in 2024.

We can see some retraces and some swings and shakeouts, but not as strong as before. The market was weaker back then and the fight was till on. Crypto win, we win; XRP won.

The XRP traders are quite loyal and love their project, knowing what is coming, they are not likely to be too anxious to sell.

EMA55 is relevant on this chart. XRPUSDT is growing super strongly above this level. Just to say, this is only the beginning.

Any potential drops and retraces should be short-term events. Drops, down-swings, shakeouts and corrections are a great opportunity to buy-in, rebuy and reload. This is a bullish chart, with a bullish pair with a bullish market; anything we do should be based on the knowing that the market is only starting to grow.

Shorting is out of the question. The market should be bought. Any leveraged position should be taken on the LONG side until the end of the bull-market. Corrections can be waited out or used to accumulate for long-term growth.

What I wanted to say is that this is only the beginning. With such strong growth, there is room for strong swings, but these should be fast and small. Err on the positive side. Err by being too optimistic and expecting the market will recover whenever it turns red. This will produce the best results by the end of the day.

Thank you for reading.

You are appreciated.

XRP is going up!

Namaste.

Nov 24

Trade active

XRP: Additional Growth Possible But...

This is the weekly timeframe:

The main support levels are $1.32, $1.12 and $0.92.
XRPUSDT trading above these levels means bullish.

As long as XRPUSDT stays above $1.32, the chart setup is ultra-bullish.

If there is a move and close daily below this level, we can consider a retrace, but this is super short-term. This would be a warning signal. If it moves below but recovers the same day the chart becomes even stronger.

Trading volume is really high, we continue aiming up.

Yes, we have strong growth but, there can be more.

We continue bullish on XRP.

I hope you find this update useful.

Namaste.

Nov 29

Trade closed: target reached

It is going higher, it is amazing. It points to higher prices; it will continue growing. Super strong. This trade-idea is confirmed.



The next main/major target is $3. This is short- to mid-term. It can go higher long-term of course.

I will share a new trade-idea with an updated analysis later on. If you want to see this, boost/comment. The more boost, the faster I post.

Thanks a lot for your continued and amazing support.

Namaste.

Dec 2

Note

New trade-idea has been published with updated targets. Visit my profile to find it.