Hi there all. I hope all of you are fine. We have waited this week for XRP to break above $0.51. However, subject resistance was strong enough for XRP to continue her action.
XRP is currently Bullish on Weekly time frames. However, I would like to put your attention to XRP / BTC pair.
XRP in ALL Time Frames is Bullish against Bitcoin.
3 Months - Time Frame
A TA guy rarely goes for 3 Months of candle patterns. However, we have started Yearly, 3 Monthly, and 6 Monthly time frame analyses to see the developments from a different perspective.
The below Chart is an Extra Ordinary Bullish pattern for XRP for 5 Years in the Crypto arena. The last green candle, formed in 3 Months, closed above the Blue resistance.
This pattern indicates three scenarios that are all better for XRP.
XRP will appreciate against Bitcoin or,
XRP will stand her position while Bitcoin is decreasing, or
Both will appreciate, but XRP will appreciate against BTC more.
It is also exciting to see all of the indicators positive against Bitcoin, such as:
Fractal Indicator
Small green triangles below the bars in the 3 Months time frame are green.
Wave Trend Indicator
We have checked the 3 Months bar pattern; however, I will share the monthly wave trend pattern since the wave trend has not yet produced 3 Months pattern.
It is crystal clear below that the Monthly Wave trend is Bullish against BTC:
Conclusion
XRP's first target is to eliminate $0.51 Resistance, and better to close above $0.55. We will see tremendous moves above these three levels respectively. $0.55, $1.04 and $1.66
As always, Important Note: None of the targets represented on defenddark.net and defenddark.com is financial advice. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.