Ripple Price Analysis: XRP Showing Bullish Continuation, Targeting at Least $1
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The last update dictated that a move to 50 cents was highly probable. Which happened.
I also indicated that if we broke this gold trend line we would go much higher. Which happened.
I outlined that a re-entry point would be in the 48-49 cent area, a retest of that support area and large trend line. Which happened.
Folks, now we are forming this large consolidation triangle as we move up. If we continue to form this pattern, and it validates it to the upside, we will see $1 in the near future.
I have been long since 30-33 cents, targeting at least $1.
Here is what I am doing. I do not have a sell order at $1. Here is why: BTC and ETH look like they are going to explode to the upside, and we’ll go into a nice rally into the end of the year. A lot of technicals point to this, and I believe it will happen.
This type of bull run will propel XRP past the highs and will overshoot its previous highs if it starts doing that. If a pattern forms or something changes in the market, I could alter this decision. For now, I like $5 as a target. But the choice is yours on what you want to do.
Happy hodling,
Sherem
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
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