The $XRP correction following the last rally concluded at the Fibonacci retracement 0.5 level.
It has currently broken through the 0.618 line following the rebound.
This rally is likely to reach to $2.135, which is the Fibonacci 1.618 level.
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I'm heading out to get pissed tonight 🍻, but If you're winding down this bank holiday weekend, i've got you covered! Here is 8 minutes of pure ripple:native technical analysis coverage as we approach another critical weekly close! Enjoy both the content and your weekend XRP family 🫡
The ripple:native accumulation remains strong. The accumulation score is still 100.
It is currently approaching the upper line of the accumulation zone.
The end of the short-term accumulation is drawing near.
The MACD and EMA trends are still forming bullish momentum.
ripple:native is showing a strong accumulation signal.
The accumulation score is very strong at 100.
The MACD and EMA trends are forming bullish momentum.
Putting my prediction out there:
XRP will hit $2 within the next week.
We’ve had the explosive move from ~$1.00 to ~$1.58, followed by a textbook bull flag consolidation.
I’m not counting the wick up to ~$1.70 btw.
Just using the main move, a breakout gives us a measured target of roughly $2.00–$2.04.
If I’m wrong, who cares? There’s nothing wrong with being wrong.
If I’m right, I’m gonna scream and shout that the bull run is continuing and we're all getting richer.
LFG 🐦📈
This is an obvious bull flag on the XRP chart.
Market makers will do everything in their power to convince you it’s going lower, that you’ll get a better entry during a bull run.
Then… BOOM. Gone. Opportunity missed.
The next leg up is coming.
Hopefully, this week 🚀
Just over two days remain for $XRP to secure a weekly close above the 50 week EMA at $1.54. If we fail, it highly increases the likelihood of a nosedive back towards the lower $1 region.
I called ripple:native's >530% move from the $0.50 areas to $3.30+ and I’m seeing signs that another substantial upside move could be in the cards.
The current structure is showing signs of a breakout from a smaller bullish wedge/flag formation, which could initiate a major continuation above the current All Time Highs and towards $15.
$15 is a measured-move target and what makes this interesting is what happened in 2017.
After breaking out of a much larger structure in 2017, XRP reached a similar measured-move objective, before going on to greatly exceed it.
Today, XRP is holding a breakout of an extremely similar larger structure.
If this structure continues to hold and the smaller formation confirms its breakout, we could see XRP enter a massive, >875% continuation move both to and above the $15 mark.
The setup is there.
The structure is there.
Now we just... wait.