After yesterday bump reaching new ATH, I prepared this pred based on previous trend following the logic of median lines (yellow). We are looking at a "Flat" phase where the price could hover in a wide range from previous ATH 1,27 to 1,06 not forgeting we could also see price correct to .90 support. Next breakout following this configuration could happen around January 1st/2nd with a target which could very well go beyond the 1,60, depending on also on quite few rumors which might become reality early 2018.
Nice chart. New breakout almost confirmed. 4 minutes to go.
zedchain
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Will the Price still correct soon?
ElmoX
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@zedchain, Think so yes, likely to see +/- 1,08 if not lower. If you are looking for best entry > between 0,90 and 1,04 if 1,08 support broken and 1,28 to 1,30 if resistance broken. Anything between 1,08 and 1,28 is buy of course especially if News/announcement popin. Open a position now, schedule order at 1,08 and an other one at 1.
zedchain
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@Petitboy, Support broke exactly like you told...Thanks for the TA. Opening entry Position now at dip < 1.0. I saw the Broadcast on CBNC yesterday regarding Ripple - one of the reasons for the pump.
It is interesting how BTC and XRP behaved in Volume per se.