I have good news and i have bad news, the good news is that we will hit the ath again, the bad news it will be in 2050. You got some time? (for the people that dont know that a joke is, search it up in the dictionary)
XRP is doing a bullflag, which is a few weeks long, so we could see a pump starting at some point in July. But it could still drag on for a while.
The question is of course now: Will this be the big one like some XRP shills like to draw here on tradingview?
My opinion is: No.
The big XRP pump will start when BTC starts making new ATHs, thus, when BTC is at 25k,...
If we take a look at BITFINEX:XRPUSD we see that we are currently sitting at around 10% of the all time high in price.
When we compare this to On Balance Volume we see that we are currently sitting at 75% of the all time high, this is a MASSIVE disconnect!!
On Balance Volume measures the net inflow vs outflow of money into an asset, as we can see in the last...
I can see why people are bringing up Ripple here:
Using the CCI and a few fractals, I did a quick analysis of the bigger cycles and how they've typically played out after a drastic sell-off when the CCI crosses at the level we're at now.
What's your target?
Looking Awesome In Bigger Timeframe..So Keep Your Eyes On It.
Triangle Breakout Pending..
Buying Point & Sell Targets Mentioned In Chart..
June Will Be Good For XRP If BTC Remains Stable & Above 6600$ Area..
Hit Like Button For Appreciation..
Thanks For Your Time
XRP has been underperforming compared to BTC for all of 2019. On April 2, a sudden sharp sell-off increased the decline to an even steeper rate than beforehand - this level of about 7540.5 sats is an excellent midpoint candidate and suggests we'll bottom soon with brief spikes possible below the 4358 sats level.
If this plays out I suspect it'll mark a turning...
In Weekly TF..Backs On Strong Support Area So Keep An Eye On It..
If Hold Then Might Be Bounce Back..
If Not Then Die For Weeks..
Midterm Target Mentioned In Chart (64$ If Bounce Back)
Hit Like On Idea For Motivation
We've not seen modest sized weekly candles on Ripple being squeezed this tight since 2016!! Big move incoming relatively soon. It doesn't mean buy now, it means to watch it closely, set alerts and take an interest. If crypto pulls back over the next 2-3 weeks Ripple may give up a little more giving a really nice entry point towards the bottom of the Bollinger...
All the bad stuff that couldve happened 2 xrpee, has maxed out imo.
Were seeing constant butchering of sat value.
The only way xrpiss is maintaining its value is thanks to the rise of bitcoin, thats elevating the $ value of this asset(liability),
So My call is - Long now, its now or never for Schwarz.
My Average entry is higher than the market price.
Bulls showed strength today as you can see by the volume and as well as the candle currently forming in the daily with no lower wick, demonstrating bulls controlled the day from the very beginning (We can call this a bullish belt hold in my opinion)
Possible bull flag formation.