If history repeats itself, could we be looking at XRP reaching $435 by November 2021?
Sounds crazy, but all things considered:
Can you hear it...The FED printing press goes brrrrrrr
+22% of the total money supply was printed this year alone, think about it!
Time will tell...
. There is a possibility of temporary retracement to suggested support line (0.6273). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. Ripple XRPUSDT is in an uptrend and the continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
Inverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly...
I think that the month of NOVEMBER was very strong. A possible correction to it's 50% looks probable. I think the price will drop to 0.45$ but I'll be conservative and place my re-entery at 0.50$. And I'll leave some money on the table, incase it goes lower I'll dollar average cost. Remember I sold some XRP up at 0.66$. So, I'm looking to get back in. I didn't...
". There is a possibility of temporary retracement to suggested support line (0.00001900).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
XRP has been up against a gigantic monthly resistance. it has made 6 attempts over the last few months and has been rejected.
Will it get luck this month?
The bull volume looks like its gaining momentum.
Look left on what happened in this region the last time it broke this monthly resistance in Dec 2017.
Exciting times, get some popcorn, buckle up and enjoy...
- XRP is forming reversal pattern on weekly chart at the bottom.
- Weekly trendline from Sept 2019 is also about to break ( wait for weekly close for confirmation).
- If this pattern plays out as plan 1st TP will be 0.50$ where I'm going to close the major position and will keep 25-30% of the position for Hold.
Let's see how this thing plays out.
While the price is above the support 17.73520, resumption of uptrend is expected.
We make sure when the resistance at 28.05510 breaks.
If the support at 17.73520 is broken, the short-term forecast -resumption of uptrend- will be invalid.
The RSI resistance #1 at 52 is broken, so the probability of resumption of uptrend is...