I put Ripple in a fib channel. If we look at the potential within this channel, we can see that there's room to run. Ripple is a crypto, so I like to look to the .786 in crypto, but the .618 in stocks. Crypto just seems to do a little bit more. Let's assume the price spikes on Monday up to the .618. That's around $28 or so. I've been saying "$30 (sell $28)" for ages and ages. And now the moment is here.
I do think Ripple will blow through my $30 target, but when you look at my XRP/BTC charts - which is what you should be looking at), then you can see that after the $30 pump, a huge retrace comes right after with a $5-7 landing, before making an even higher swing high in the price and in satoshis.
You need to look at the XRPUSD and the XPRBTC, with both of them being of equal importance. If you're watching just one, then you're only seeing half the picture.
I do think Ripple will blow through my $30 target, but when you look at my XRP/BTC charts - which is what you should be looking at), then you can see that after the $30 pump, a huge retrace comes right after with a $5-7 landing, before making an even higher swing high in the price and in satoshis.
You need to look at the XRPUSD and the XPRBTC, with both of them being of equal importance. If you're watching just one, then you're only seeing half the picture.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.