XRP - capitulation just around a corner?
We have INVERTED XRP chart over here. As you can see we are in this bullish triangle and if broken - new short-term lows to follow.
Chart is a bit messy to read, so take a good look.
White rectangles are supply/demand zones.
TARGETS
Measured move would take us to @0.20-0.216$. Then I'll be waiting for 0.18-0.20$ as you can see in the chart. Those targets are VERY important and could be the end of this bear market on XRP. **0.18 would be historical percentage drop from the top in 2018. Only other time we dropped 94-95% from the top was in early stages of xrp price action. So do not be surprised if we get there AGAIN.
Prepare for insane volatility in this pair because we are at the lower warning line of multi-year pitchfork(Check my previous idea on XRP). Xrp should capitulate @0.18-0.20$ and jump very rapidly to close weekly/monthly above that DOTTED BLUE LINE.
Me personally, I'll be adding positions at 0.197 if given.
Important dates are August 19th & 26. These are the pivots for price to turn around.
BULLISH SCENARIO, if we do not break this triangle above, xrp might hit 0.28-0.29$ before attacking that 0.18-0.20$ region on 26th of August.
This is not a financial advise. Stay safe out there, hope you like it.
Chart is a bit messy to read, so take a good look.
White rectangles are supply/demand zones.
TARGETS
Measured move would take us to @0.20-0.216$. Then I'll be waiting for 0.18-0.20$ as you can see in the chart. Those targets are VERY important and could be the end of this bear market on XRP. **0.18 would be historical percentage drop from the top in 2018. Only other time we dropped 94-95% from the top was in early stages of xrp price action. So do not be surprised if we get there AGAIN.
Prepare for insane volatility in this pair because we are at the lower warning line of multi-year pitchfork(Check my previous idea on XRP). Xrp should capitulate @0.18-0.20$ and jump very rapidly to close weekly/monthly above that DOTTED BLUE LINE.
Me personally, I'll be adding positions at 0.197 if given.
Important dates are August 19th & 26. These are the pivots for price to turn around.
BULLISH SCENARIO, if we do not break this triangle above, xrp might hit 0.28-0.29$ before attacking that 0.18-0.20$ region on 26th of August.
This is not a financial advise. Stay safe out there, hope you like it.
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