As illustrated, we see a strong bullish 1D candle break-out of the bullish pattern (consolidation phase), which could indicate the start of the continuation impulse to the upside to re-test previous highs and potentially breaking to create ATHs.
Target area:
AB = CD:
It is calculated based on the measurement of the first bullish impulse; meaning it should be the same distance.
That being said, the price target would be the $4.300 - $4.500 range.
Fundamentals:
A lot of expectation with Trump's take over and his plans for the crypto industry. As the date comes closer (20th of JAN), there could be a hype into the general market; specially XRP since (apparently) there's talks about RLUSD replacing USDT + serving as a governmental stable coin which the US could start using.
Another key event would be the potential BTC reserve that Trump might decide to create. This would increase demand of BTC tremendously, causing a chain reaction effect in most alt coins. It only makes sense to do this with how fast the industry is expanding and growing.
--
GOOD LUCK.
Target area:
AB = CD:
It is calculated based on the measurement of the first bullish impulse; meaning it should be the same distance.
That being said, the price target would be the $4.300 - $4.500 range.
Fundamentals:
A lot of expectation with Trump's take over and his plans for the crypto industry. As the date comes closer (20th of JAN), there could be a hype into the general market; specially XRP since (apparently) there's talks about RLUSD replacing USDT + serving as a governmental stable coin which the US could start using.
Another key event would be the potential BTC reserve that Trump might decide to create. This would increase demand of BTC tremendously, causing a chain reaction effect in most alt coins. It only makes sense to do this with how fast the industry is expanding and growing.
--
GOOD LUCK.
註釋
We are seeing adequate bullish momentum. A few bullish candles with volume have shown us the intentions of price testing the $2.800 - $2.900 range. Should these levels hold without strong rejection, it's likely for XRP to finally reach the $3.000s
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。