XRP TO $1?

2022年10月4日

We have some heavy price action which has recently broke and this could be the sign of XRP climbing upwards to key levels not seen since May.

1) Weekly Trendline - this has been in state since November 2021 - this hasn't been broken since price action in late September (Bullish)

2) XRP has Strongly broken out of 100 day range trading between $0.30-$0.38 (Bullish)

3) Strong Bullish Volume - this weight has not been seen on the Daily all year

4) Bullish Pennant forming outside of the Weekly Trendline break. Currently on the 12th day of this pattern - we could see this pattern take a few more days to for (Bullish)

5) If price was to break out of the Pennant we look to $0.50 for the BOS and if this is true then we can expect a new strong trend

Take profit areas

Look to previous Market Structure and i use a simple technique such as LH/LL for price points ( when the market reverses to the upside) - there's a long way to go before we hit $1.00 and we need to reclaim areas we lost this year such as

$0.58
$0.65
$0.79
$0.87

Let me know you thoughts on XRP going forward