Hello dear XRP friends, we’re currently breaking out of this channel on the Daily, which is even better visible on the 4H: Zooming into the Russian Matroschka, we can see the small 4H uptrend channel , inside the much bigger Daily channel.
For the case the bulls see follow-through, we definitely would have the potential to reach the previous highs of the bigger Daily EQ range of 45 cents, a solid 10% profit potential.
Very important is gonna be the direct correlation to BTC , and what BTC itself is doing. So let’s first have a look at the direct correlation XRP/BTC: We’re trying to uphold previous higher Lows (HL) at 4600 Satoshi. If the bulls see a bounce going off from there, it would mean strength towards BTC . We would have the chance to go to 5,000 and even 5,500 Satoshi.
So that means basically, if XRP gains in strength towards BTC , it is crucial for BTC in USD to go up, in order to see an even bigger move with XRP/USD. For this case, the XRP bulls have to hope for the BTC bulls to take out the 9k region and go towards 10k in the coming week:
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