XRP's breakout Monday is seeing continuation today, as XRP is pushing through strong resistance at the 1900 sat range. Suggesting a strong potential for another 36% run in the coming days. If this move is driven purely by XRP pumping, expect XRP to run from $0.86 to $1.10. However this could also play out such that XRP consolidates/flatlines around it's current range as BTC pulls back to the $30k range. I favor the probability of former over the latter, but more than either believe we may see XRP run to $1.30 range as BTC climbs back to the $47k.
This is obviously interpreting bullish continuation, as we could easily see a bearish reversal off this trend as we've yet to break the 2000 sat range with strength. Currently I'm 80/20 in favor of bullish continuation, but this is most likely due to my massive position in XRP so take this projection with a grain of salt, I would not recommend entering a trade at this range, but am still maintaining 75% of my trade position in XRP expecting continuation.
May the odds ever be in your favor!
This is obviously interpreting bullish continuation, as we could easily see a bearish reversal off this trend as we've yet to break the 2000 sat range with strength. Currently I'm 80/20 in favor of bullish continuation, but this is most likely due to my massive position in XRP so take this projection with a grain of salt, I would not recommend entering a trade at this range, but am still maintaining 75% of my trade position in XRP expecting continuation.
May the odds ever be in your favor!