chenb1981
Panjang

The bullish prospect of Ripple looks to be constructive

BITSTAMP:XRPUSD   Ripple / Dollar
The ripple had a lightening ascend in the last week 2017 and the first week of 2018 touching 3.3 dollar level. This remarkable rise has been concluded by a two legged correction (decline) retracing 61.8% of the second ascending wave. Then the buyers quickly jumped in at 2.3 dollar level resulted in a massive volume buy bar, which had been successfully tested (a sign of strength). After that test, the price has been trading sideways building energy to made another big leg to the upside.
Based on the height of the consolidation range, I see price to retest the 3.2 dollar level in the next couple of days.
Once the old high being taken out, I see it going to 3.8, 4.3 and, ultimately, the 5 dollar mark as the big wave target.
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