Hi all,
I have not updated any of my ideas on XRPUSD as everything is still moving according to plan. However, I do have an update on the price targets I am seeing for this cycle as more data is now available. I believe that once the price will push beyond $2 the ATH will be reach very quick and then surpassed. The minimum targets I am seeing atm would be the $11 -$13 where the top of the Fibonacci extension are based on the previous bull cycle. I will not dismiss a blow-off top where the price can go further up from those levels but do tread carefully if those zones are breached too as there will be a high risk of reversal. My current view is that we are in the middle of wave three of five and according to my calculations that could top over the current ATH. With both the RSI and the MACD having plenty of room to the upside I very bullish on this chart.
As always, this is not investment advice but my view on what the chart is showing at this moment. Good luck and make sure you have an exit plan in place and take profits along the way.
I have not updated any of my ideas on XRPUSD as everything is still moving according to plan. However, I do have an update on the price targets I am seeing for this cycle as more data is now available. I believe that once the price will push beyond $2 the ATH will be reach very quick and then surpassed. The minimum targets I am seeing atm would be the $11 -$13 where the top of the Fibonacci extension are based on the previous bull cycle. I will not dismiss a blow-off top where the price can go further up from those levels but do tread carefully if those zones are breached too as there will be a high risk of reversal. My current view is that we are in the middle of wave three of five and according to my calculations that could top over the current ATH. With both the RSI and the MACD having plenty of room to the upside I very bullish on this chart.
As always, this is not investment advice but my view on what the chart is showing at this moment. Good luck and make sure you have an exit plan in place and take profits along the way.
