XRPUSD Double Bottom Along $0.89999

2021年5月31日

XRPUSD has posted up a double bottom on the 12-hour time frame along the 2018 swing high level which is acting as support. From here and going into June and July, I see a period of continued consolidation as the markets cool off and the FUD narrative stops spreading around.

I also believe that around the time ETH has the EIP-1559 fix, XRP is going to beat their lawsuit and come out victorious. From here, that's where we will see the price discovery zone and a test of the previous stable ATH at $2.48.

But for the price to get there we need to stay patient. It's coming just not as fast as we'd like.

There are still a lot of levels to break through to get there as well as the recent swing high created needs time to cool off before moving back up again.

When we do start to move up in late June going into July, these are the next TP's moving forward:

TP1 🎯 $1.84
This is the creation of the valley that is holding the price back created on April 11th, once XRP closes above this level and finds it as support its going above $2 with ease
TP2 🎯 $2.48
Taking a decent sum of profits of my XRP holdings here
TP3 🎯 $2.75
The TP level is at $2.75, but i'm going to cash out at $3 then HODL a moon bag in case it hits $589 or $1000.

As always please do your own research, this is in no way shape or form financial advice, purely for educational purposes.