In this video we review the different scenarios outlined for the XRP chart. The level we have discussed over and over again is $0.30. The big question, “how it would get there?”, was anyone’s guess. But we all knew it was the key level by monitoring the Fibonacci levels and the Volume Profile of the Visible Range. Our past fractal told us the $0.30 price level is a key level to break for a new bull market, and that we would reach eventually reach there.
Today, XRP’s price reached out and touched $0.30, barely crossing the price level. Now, we wait and see if we can get a clear breakout, or need more consolidation in this price zone. The past tells us we need more consolidation, but in the end, predicting short term price moves is extremely difficult.
What do we know? We know XRP did a -95% price movement during the 2018-2019 bear market, just like it did during the 2014-2015 bear market. So, for the major cycle, we assume the bottom is in, and that it is more likely that XRP breaks up, than breaks down. In the end, the market decides, all we can do is analyze it and try to stay ahead of it.
Hi, I am the Blockchain Backer, bringing you the latest crytocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.
To support my channel and become a Backer, Hodler, or Whale here on YouTube, here is the link: https://www.youtube.com/channel/UCia6oYbLKo8fLOguATpACmA/join
If you decide to donate to my channel, YouTube takes at least 30% of your donation. If you donate through PayPal, they will take about 7% of the donation, and it will still send a notification on the live stream for all donations exceeding $1.99.
Donation Link for PayPal: https://streamlabs.com/blockchainbacker
DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions.
Related Post:
- Ripple XRP: We are Knocking at the Door
- Lite Coin, Knocking on Heavens Door – LTC
- ASTONISHING LEVEL! The Ripple XRP PRICE CHART Reaches MASSIVE SUPPORT on Fibonacci Retracement
- THE BIG ROTATION into Altcoin Market and Ripple XRP Price Chart as Ethereum Reaches Critical Level
- A.D.A. Door, Concrete Pad door entrance (Mike Haduck)
- Bitcoin Cash Turning More Bullish To Hit Key Level Resistance $501 After Breaking Out $304.48 Level
- IT'S ALL SET TO SURGE for the Ripple XRP Price Chart as Bitcoin Price Reaches Historic Launch Zone
- Opportunity Knocking? MoneyGram, Ripple & XRP in the News!
- GETTING GREAT PRICES as the Ripple XRP Price Chart Reaches WEEKLY SUPPORT Before NEXT BLAST UPWARD
- LOOKING FOR A CATCH UP for Ripple XRP Price Chart as Altcoin Market Reaches 0.702 and Bitcoin Stalls
