Hurricane Alert, XRP Is About To Move Forward

7 hari lalu

It is pretty clear now what is just about to happen, and this is great.
I think it is awesome the fact that XRP is about to move forward because recently it grew strongly and everybody rejoiced; another round and people will be even happier.

I don't know where to start so let's go with the targets.

$3 can be ignored as it was hit already on the 3-Dec. high. The $2.90 peak is $3 rounded up or a technical $3.

The signals are the following:

Weak retrace = bullish strength.
High volume = bullish support.
11 days of consolidation = fair enough.

The retrace activated the 0.382 Fib. retracement level for this bullish wave. On an impulse, this is standard and a resumption can happen right after this level is activated.

On a correction, we see 0.618 and 0.786 Fib. retracement activated.
On a bear-market, we see 1 being activated.
On a retrace, normally 0.382 and sometimes 0.5 if the retrace is a strong one.

All the pairs retracing activated the 0.382 Fib. retracement level and are now moving forward. Some already moved ahead (quick example: Aave).

There should be two tries at $3. Let's say two daily candles and it breaks.
It is going to break as resistance for sure. This is because all the chart technicals are pretty strong. The technicals are both, pretty and strong; pretty strong.

The main targets based on the short-term (within 30 days but likely a few weeks only) are $3.65 and $4.68. It is a continuation of the previous bullish move. The momentum and dynamics are the same. So straight up; strong.

Let's change the energy...

XRP has been on a great bullish wave and this has been amazing so far. It caught many by surprise because the market was sideways so long and with bearish tendencies at that. When it broke bullish, boom! classic, it was all Crypto and it continues to be the Cryptocurrency market in the sense that there is no looking back once the bull is on.

The greatest part is that we are seeing only the beginning, it will go on and on and on 2017 style. Bullish impulse bull-run mode. When you think it is over, the market will gives you more. When you think a correction comes next, the market will continue to grow.

I am looking at the next move for you, just the next target and not a big picture long-term chart. When this target hits, I can publish another chart and then another one. Because the one I published is already at the bottom of the pile and it cannot be updated anymore. If I want you to read it I have to publish new ones.

Question:

How long can XRP's bullish wave last?

Answer:

Too hard to say. A standard bullish market can go through July 2025. But we don't know about standard so anything goes. Remember the Trump-effect. Potential Spot ETFs for XRP, global adoption, on and on. The market isn't being blocked anymore so there can be a long-term bull-market like we have never seen before. We just don't know but it is very likely that it will be many times stronger than anything you can account for.

Question:

Is it too late to enter?

Answer:

No. It is never too late. But entering at such a time requires some experience. The risk is higher once the action is underway. Just plan for all scenarios. What would you do if you decide to enter and there is a crash the next day? Will you hold or sell at a loss? If you hold, for how long? If you decide to sell at loss, when? 20%, 30%, 10%, 5%?

If you enter now, when do you plan to exit?
What's the plan?

Quick profits? Stay out, there are better choices for this. Always go with the pairs with the lowest risk. You can't go wrong if you have low risk vs a high potential for reward.

It is not too late.

Question:

What about XRPBTC?

Answer:

Looks good and shows plenty of room for long-term growth.

Question:

When will the first correction happen and how long will it last?

When a major level is reached. I don't know. The signals will be clearly present on the chart. The correction can last between 1-3 months and then a new and stronger wave that ends in a bull-run.

It can develop after Q1 2025, very hard for me to make such a prediction as this point.

Question:

When to take profits?

Each time a major level is hit. Taking profits is healthy. Aim high but trim your position even if just by a little bit to allow the market to continue growing.

After a strong level is hit, more profits can be taken. At the start, the bare minimum.

Hold long-term. We have to see how it all unravels first because we are in uncharted territory. We've never seen Crypto with a favorable US government. We've only seen Crypto while battling against the dinosaurs. We don't know how exactly the market will respond to a favorable regulatory environment, we know it is positive, we just don't know how positive. We have favorable conditions also on the fiat side, less interest on the money and more monetary expansion, the perfect storm for Cryptocurrency to take over the world.

Question...

Thanks a lot for your continued support.

Namaste.

6 hari lalu

Dagangan aktif

Yesterday's session closed as neutral. Market conditions remain the same.
There is potential for XRP to produce an advance and a higher high in the coming days.

Short-term invalidation would happen below 2.36 and 2.17.
A close daily below 1.96 is needed to invalidate the bullish bias. Trading above these numbers, XRPUSDT continues strongly bullish.