XRP
Long

XRP easily can reach 4ish with the way it is set up now.

AS you can see that the Ripple has moved just passed the intersection of the trendlines. I am expecting this to basically move sideways frustrating all short sellers as well as weak hands. I have drawn a fibo to show that the trendline intersection was very close to the 0.236 mark. Where is this going?

Firstly the downside risk is very limited. I find the risk to be negligible right now. On the upside, 1.7 may be a minor resistant and 1.9 may be a bigger one. Around 1.9, I am expecting to form another sideways movement whereas more good news from Ripple to ensure this break towards 4ish.

I am long with XRP/ETH. I do not expect ETH to have a major upside. Rather I am expecting ETH to stay below 2000AUD for now.

Chart PatternsTechnical IndicatorsripplerippleforecastTrend AnalysisxrpXRPBTCXRPETHXRPEURxrpusd

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