XRP was in consolidation phase where it broke down when BTC started to fall, but seems like it's recovering now and potentially going higher.
Waiting for it to close above 0.755$ fib line or for higher volume to open a long position.
Targets at 0.89 and 1.31.
Komen
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After strong buy support (when BTC had a correction) and another short consolidation (BBands squeeze) we got a break out and we are going higher. Next target 1.31$ which may be achieved soon if we proceed with such pace. Chart is saying 2$ is the next target, which may also be a psychological resistance, so expecting stronger selling there.
Komen
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Drew a new fib retracement (based on last ATH) which gave me different targets, 1.14$ (ATH, which we are trying to break now) and 1.72$:
Thank you for the analysis. Any idea where XRP is heading towards the coming days?
Tadej
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@Gaengphed, No problem. 1.3$ is the first target, 2$ the second one (they are drawn on chart).
Still, be careful about BTC moves, if that one goes lower it will drag XRP behind I think. But I'm still confident we may reach those targets since XRP was the strongest one during previous BTC drop (when compared to ETH, LTC and BCH), showing that there are buyers still supporting it - I guess this may change any time, so then we would see lower prices.
Gaengphed
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@Tadej, I was in XRP during it's move to $1 and indeed I've seen it also hang in there while all other coins where dragged down with BTC. And yes, I'm afraid BTC is going down somewhere in the next 48 hours, but not sure if XRP is going to be the safe haven again. Thanks for your quick answer! :-) Going to think it over again if I'm going to step in again. Merry X-mas!
Tadej
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@Gaengphed, XRP actually fell for 50% but was quickly bought up, showing that there is a strong demand for it.
Yeah, I feel the same ATM, BTC still doesn't look bullish to me so I'm also staying careful.
Kind of hard to say how it will perform with next BTC crash, but I hope for best (am in for long term from sub $1 levels).