XRP Has the rocket already arrived or will be another impuls up?
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The phenomenal growth of the heavy Ripple was caused by three things:
1. The last time he shot like that at the end of 2017 and at the beginning of 2018, then there was also news about cooperation every other day. (The other day there was news about the XRP integration with Bank of America). Then the Ripplefan sect believed in XRP for $10, and as a result, they received 10 cents.
2. In the XRPBTC pair, the price reached the bottom, we wrote about it in our idea. If you are interested in our opinions on the XRPBTC pair, write about it in the comments and we will update the idea.
3. The growth in the XRPBTC pair multiplied by the BTC growth launched a rocket upward in the XRPUSD pair.
What do we have now?
- the price has reached the important level $0.78, which was last tested for strength at the end of September 2018.
- now a consolidation triangle is being formed, the break of which to one side will show on which side the strength is.
If the price fixes above $0.71, then a path to zone close to $1 will be opened, maximum possible squeeze to the level $1.20.
If the price starts to move down and fixes below $0.63, then the first stop from below will be the level around $0.45.
Wait until one of the conditions is met and follow the strong player in the market.
1. The last time he shot like that at the end of 2017 and at the beginning of 2018, then there was also news about cooperation every other day. (The other day there was news about the XRP integration with Bank of America). Then the Ripplefan sect believed in XRP for $10, and as a result, they received 10 cents.
2. In the XRPBTC pair, the price reached the bottom, we wrote about it in our idea. If you are interested in our opinions on the XRPBTC pair, write about it in the comments and we will update the idea.
3. The growth in the XRPBTC pair multiplied by the BTC growth launched a rocket upward in the XRPUSD pair.
What do we have now?
- the price has reached the important level $0.78, which was last tested for strength at the end of September 2018.
- now a consolidation triangle is being formed, the break of which to one side will show on which side the strength is.
If the price fixes above $0.71, then a path to zone close to $1 will be opened, maximum possible squeeze to the level $1.20.
If the price starts to move down and fixes below $0.63, then the first stop from below will be the level around $0.45.
Wait until one of the conditions is met and follow the strong player in the market.
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