XRP is most definitely bullish short-term. Looking at the long-term resistance line we can see that the bulls have hit this line a total of seven (7) times. With every subsequent hit the resistance becomes weaker and weaker. It is likely, then, that the next push with any kind of volume of note is going to break the resistance line and invigorate the bulls.
The target point for the bullish XRP run is significantly higher than the current price at $0.62. This price point is likely to coincide with Bitcoin tapping out just above the $5000 region. It is at this point that the fall of Bitcoin will, once again, crush all the alt-coins and bring true capitulation to the marketplace restarting the market cycle once more.
When this move happens XRP is likely to see new lows, as Bitcoin is expected to, plunging the price of XRP to as low as $0.14 bringing a 100% retrace in price for XRP before the 2017 run-up to ATH's.
Again - like my Bitcoin analysis in the short-term I am very bullish on XRP with the long-term position being extremely bearish as market capitulation finally seems to be a realization in the near future.
The target point for the bullish XRP run is significantly higher than the current price at $0.62. This price point is likely to coincide with Bitcoin tapping out just above the $5000 region. It is at this point that the fall of Bitcoin will, once again, crush all the alt-coins and bring true capitulation to the marketplace restarting the market cycle once more.
When this move happens XRP is likely to see new lows, as Bitcoin is expected to, plunging the price of XRP to as low as $0.14 bringing a 100% retrace in price for XRP before the 2017 run-up to ATH's.
Again - like my Bitcoin analysis in the short-term I am very bullish on XRP with the long-term position being extremely bearish as market capitulation finally seems to be a realization in the near future.