thinzman

XRP, Established Pattern Continues

Long
If current trading conditions continue, XRP will continue to rise to 3.50 on the next cycle with a small 0.30-0.50 pull back after each established peak. Consolidation periods continue to shorten between upward trend cycles. Eventually, XRP will find a saturation point on the upside the curve will switch from a steep exponential/logarithmic pattern to a flatter inverse logarithmic pattern with less volatile swings in price. Depending on XRP based news, I'd estimate that the first cycle of these inverse stages could happen at a $5 price point where we'll see more upward resistance based on pure market cap numbers and the appetite for future traders to buy the coin at this price. Honestly, I think the high water mark for XRP is between $10-20 but likely may not be more than this due to the potential of Ripple labs to release more supply and control the price of the coin/token. Good luck in your trading and investing.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.