XRP - CHOMPING AT THE BITS
XRP has been seeing a lot of solid price action the past few days.
Finding solid support at the $1.30, $1.4, & $1.5 levels, we have now found support around $1.6-$1.7.
However, the strong resistance is now around $1.72-$1.73 where we previously had the massive selloff.
This means that many investors are going to use this point as their short stop loss.
So, once these levels get achieved, they will be wiped out or liquidated, causing the massive spike in price.
Also, most of the waves have been 8-15% of the previous price, so I am expecting a nice movement to close to $2, if $1.72-$1.73 can be broken & held.
IF we can close above $2 on the daily chart then all time highs are almost imminent at that point.
Not financial advice, always DYOR!
Finding solid support at the $1.30, $1.4, & $1.5 levels, we have now found support around $1.6-$1.7.
However, the strong resistance is now around $1.72-$1.73 where we previously had the massive selloff.
This means that many investors are going to use this point as their short stop loss.
So, once these levels get achieved, they will be wiped out or liquidated, causing the massive spike in price.
Also, most of the waves have been 8-15% of the previous price, so I am expecting a nice movement to close to $2, if $1.72-$1.73 can be broken & held.
IF we can close above $2 on the daily chart then all time highs are almost imminent at that point.
Not financial advice, always DYOR!
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