XRP short term
XRP had a retrace to the 0.5.
I do expect it to go a little lower but we cant break the 0.786 and close a few candles there or this chart is INVALIADATED!
1) *least bullish scenario* if it stays above the 0.786 and we pump the min target is the 1.0fib max target the 1.618.
2) $ mega bullish $ we are in a 5 waves up, 3down then 5back up. Targets are 90cent.
short term:
-lets focus on what price does this week and if the fib levels hold.
-if we pump watch how the price reacts to the 1fib and the 1.618.
Longterm:
-After all that we can still drop to 2-10cents if we break the pandemic lows.
If btc goes as planned and breaks the 25k zone ->28k then we can have an alt season. -> xrp 90cents
*alt seasons only happens 2times
1) if btc makes a new cycle high
2) btc retraces from the 'bearmarket crash'
I do expect it to go a little lower but we cant break the 0.786 and close a few candles there or this chart is INVALIADATED!
1) *least bullish scenario* if it stays above the 0.786 and we pump the min target is the 1.0fib max target the 1.618.
2) $ mega bullish $ we are in a 5 waves up, 3down then 5back up. Targets are 90cent.
short term:
-lets focus on what price does this week and if the fib levels hold.
-if we pump watch how the price reacts to the 1fib and the 1.618.
Longterm:
-After all that we can still drop to 2-10cents if we break the pandemic lows.
If btc goes as planned and breaks the 25k zone ->28k then we can have an alt season. -> xrp 90cents
*alt seasons only happens 2times
1) if btc makes a new cycle high
2) btc retraces from the 'bearmarket crash'
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