XRP has suffered a 60% drop since the all time high. I see it as a healthy retracement considering the 4000% rise in 2017.
We can see that XRP has came down to test a significant trendline and also at same level we find the 78.6 fibo retracement of the recent uptrend that led to the ATH in May. Look at the price action, we previous saw a lot of buy support at this level and i expect to see it again.
XRP has been making a lot of headlines recently, some with a major significance to the brand, especially relating to central banks and also being listed in the TOP 5 most influential blockchain companies. I think we will see a steady increase in the price of XRP back to around 25cents USD value and possible then a push to 30. Pullbacks are expected along away followed by consolidation that will allow our targets to be reached and the market to push higher.
Do not forget the difference between Ripple and XRP. Ripple is the company behind XRP that has business contact with several banks. XRP , their coin, has not been implemented by any of these banks (yet) and the question is if it ever will. These banks like the technology, but might eventually prefer another or their own coin.
TheCryptoKing
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Finally the 1st optimistic voice from The Shtetl!
bsky
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hi, thanks very much for your charts and your signals. What's your sentiment about xrpbtc at the moment?
davedesigns
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Hope this plays out like many people have predicted. Any small profit from XRP right now would be nice lol...
Do not forget the difference between Ripple and XRP. Ripple is the company behind XRP that has business contact with several banks. XRP , their coin, has not been implemented by any of these banks (yet) and the question is if it ever will. These banks like the technology, but might eventually prefer another or their own coin.