
CryptoColugo
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CryptoColugo
Before you panic - check out the patterns in the chart

XRP at the daily timeframe. The RSI is almost oversold, the last 5 times when price went oversold and was at around the 30 level, we saw a huge rally. If we take the average of the last 5 times when the RSI was this oversold, then we could see a price rice of 90%. Strangely we are then exactly back at resistance of the channel. Oversold + at support levels makes buyers to step in the game. Will this time be different?

CryptoColugo
My thoughts on XRP

My thoughts on XRP are simple. We created 2 triangle formation patterns and both of this patterns broke out to the upside. Currently we are retesting broken resistance which is a normal process. It seems that the broken triangle is now acting as strong support. The price is now fluctuating between support and resistance while the RSI levels are cooling off. The upcoming ETF approvals and the fact that Ripple is expanding there business on a rapid speed, in confluence with the current chart let me believe that we will see a bullish breakout in the near time future. My personal target is around 15 dollar, but it can go probably higher. Let me know in the comments what your thoughts are and how you think XRP will preform in the future.

CryptoColugo

XRP has a repeating the same structure as in 2017. I believe we will see a new ATH and then the bullish trend is possible over for a while.

CryptoColugo

Dear, In a bull market it is normal to see a 10, 20% pullback before the next impulsive wave. It is a normal level for XRP to reject for now because we came near the ATH. With the next test of ATH i believe we will move fast trough it. My personal target for this bull run is 13 dollar. It can go higher but i believe the market will be overbought. Currently the RSI levels are cooling of, the 1H and 4H oversold so i believe we will reverse soon. Take care.On the smaller timeframe (4H) we see a possible bullish divergence on the RSI. Which could mean that soon we reverse to the upside.So far so good.Bullish structure on the daily.

CryptoColugo

For about 126 days we are just are in a ranging movement. We can see that we have for all that time declining volume, keep this mind when the volume start to rise. We are retesting the channel formation, perfect testing all moving averages and we tapped the golden ratio. New all time high is around the corner (i believe)

CryptoColugo

XRP is breaking the descending trendline with a inverse head and shoulder reversal pattern. If we manage to stay above this trendline i believe we will test the ATH soon.

CryptoColugo

A lot of fear happened in the market and a lot of people are out after this flush. I believe XRP is one of the better looking coins, most coins are trading near all time low while XRP is still trading around 2 dollars. What i mean is that once buyers get more confident that a bottom is formed, a lot of coins will see 100 or 200% to the upside. While most coins will not see an all time high at that moment, XRP will trade above 4 dollar just with a 100% increase. When we look at the charts i believe that a 5th wave still need to happen and that we can reach between 15 and 20 dollars at the peak. Keep a few things in mind what can be a catalyst for XRP to surge. Many ETF's are waiting to be launched, the SEC will in the near future conclude the case against Ripple.. Let's take a look at following chart's what also can be bullish.This the inverse chart (upside down) Retest of broken support, ready for continuation..ETH about 245% away from ATH, XRP 68% awayThe bitcoin dominance chart is hitting a RSI level of 70! Which never happened before. IMO ALTS will soon explode compared to BTC. I'm ready for the final wave up.On a monthly timeframe we touched the 0.618 fib and 12 EMAOn the 3D chart we see a nice bullflag with a tjhe Pole soon tested again. If we measure the move of the bullflag and project it to a possible bullish break, we could move towards 10 dollar.

CryptoColugo

The falling wedge formation is getting tight, after a bullish break 0.40 will be the first target.

CryptoColugo

After a long bear market XRP is ready to make it's move to ATH and beyond! In the following charts it's clear that XRP is ready to move to new highs ==>On the Monthly chart we saw a beautiful retest of previous resistance.On the weekly chart we see a ABC correction and we are ready for the 3th impulsive wave to the upside.If you have doubts about where XRP is going, you can check the inverse chart and it will tell you all you need...On the 4 H chart we are at oversold levels which could bring us back in the channel formation. We have about 2 hours left for the bulls to show up.The XRPBTC chart looks promising as well. A clean monthly retest on broken resistance. If we look at the next major resistance we can move about 60 % up compared to BTCIn the meantime the BTC dominance chart is forming a top, likely it will free dive to the downside soon, which is good for ALTS to run.In my opinion we just have a sideways consolidation before a next wave Upwards. The RSI had to cool off and we are oversold on the daily timeframe.Interesting chart! We moved back to resistance of the channel. I would like to see that the daily candle closes 6% higher from here, then we have a clean retest of the declining trendline.

CryptoColugo

We are moving for about a year sideways now and we finally broke the 6 year old downward trendline. The first arget will be around 1 dollar with a strong resistance, afterwards we can push towards 1.30. The SEC won't and can't stop this.The XRPBTC chart is almost back at a major buy zone. Maybe one more drop in this zone and we move back up.The BTC dominance chart will get one more push into resistance and this it's time for ALTSIt's seems that we have huge volatility before the end of the year. The apex of the triangle formation is coming to a end. There is no volume and we are building up for a big spike.By the look of the XRPBTC chart we can see that BTC will soon print a local top and XRP will do some catch up. I believe it will be a green week for XRP.If we look at the XRPBTC chart we are having a big opportunity here at the major demand zone. It's possible to drop a bit further but the risk to reward here is very good.
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