A short term XRP play

19 thg 12, 2020

XRP is still holding very strong due to BTC's strength. Overall, I find XRP to be very weak, however, if BTC can continue its run we might be able to see a continuation in the bull channel (Green channel). If we fail to make higher highs, especially in BTC , then we will most likely follow the bearish channel (Red channel) for more consolidation. I currently do not see lower lows as of right now due to the EMA's holding very well and that we have yet to make a lower low in BTC . I've decided to leave the indicators off because we are still in price discovery mode and would only add too more noise.

19 thg 12, 2020

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Apologies if my timeline was a bit off. My target is still the same and is expecting price to be at $.62 where we have the top of the bull channel. Will continue to update once target has been reached.

22 thg 12, 2020

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How unfortunate that Brad Garlinghouse tweeted... Buying more down here would be a great opportunity as BTC pumps.