A bullish scenario for XRP
Short term several traders like HaraldoXRP Pentosh1 @360_traders have noted BTC might go to 18k before moving past 20k. XRP has a similar scenario except it takes a lot more to move this coin. In this scenario I agree with Haraldo when he says XRP could drop to 40c more or less before moving on upwards.
If that support breaks we are looking at a possible ABDCE correction down to 33c. Given the upcoming Spark airdrop and the new Flare network coming for XRP, I think an ABCDE correction is not in the cards for XRP.
If you look at the chart upside down it looks like the scenario I'm painting holds true. Looking forward to your constructive comments.
I am bearish in the short term, bullish medium-long term.
If that support breaks we are looking at a possible ABDCE correction down to 33c. Given the upcoming Spark airdrop and the new Flare network coming for XRP, I think an ABCDE correction is not in the cards for XRP.
If you look at the chart upside down it looks like the scenario I'm painting holds true. Looking forward to your constructive comments.
I am bearish in the short term, bullish medium-long term.
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