RIPPLE TECHNICAL ANALYSIS: Starting Bullish Cycle
According to the 4h-chart below, seems RIPPLE has broken the resistance marked in dash light blue:
If my Elliot Wave counts are fine we should see now the start of a Bullish sub-Cycle composed by 5-waves in green, which will reach a target price of 0.4 USD or higher by the end of the 5th (90% more).
According to that assumption, RIPPLE is now building its 1st green wave, which is subdivided in 5-subwaves in blue below:
So, 1st target now 0.29 USD, then, a short correction forming green sub-wave (2) and again UP!!!
*This is just my personal point of view, please, do your own assessment and act consequently.
Ripple moved up hard today... Lets see what will be tomorrow:)
Ripple will go up for sure but i will NEVER buy it :-)
hahhaha, yes, that's the point!
I have some Ripple for few months now, I hope you’re right!
me too!!!!
Me too :-P Has been a while since something exciting happened with the XRP price.
I wish I bought :/
I heard there will be 2 big announcements in the near future, so that might help as well ;-) I didn't get any more details though..
Frankly, I don't believe so much in XRP... I'm against of the banks intervention but would be good to understand how it evolves.
Do you know what will be the subject of the 2 announcements?
Cheers
I know what you mean, not really open or decentralized. But I do believe that banks somehow will make it work. They HAVE to have their own cryptos and blockchains.
I don't know any details about the announcements, but I can image it to be a few new players joining the consortium and maybe a big partnership with a big financial industry player?
If XRP will actually start woring with more mainstream banks this would be very good for XRP, whether not we 'like' it. This would signal mainstream adoption and high gains.