Many asking for an update on
$XRP and frankly the USD chart is not as clear to me as I'd like it to be, so going to use the BTC chart as a gauge here.
The red zone is major resistance- odds are we find some resistance there on this push- that being said its a massive region/zone so XRP could push significantly higher on the USD pairing before we start taking a breather (1.50-$2).
I don't know if the bottom is on the XRP/BTC or if we will go for the lows- thats a variable that remains for now that I'll keep a note of.
Flipping the dotted red line above the red zone and establishing it as support is what we want to see to start going for new ATH. That's THE most important level on this entire chart.
If/when we flip that to support, double digits probs come quickly.
New ATH against BTC is not a matter of if but when, and at current BTC prices a new ATH on XRP/BTC would put us over $20 easily. That being said- you'll need to be patient- need to clear the red zone and flip the level above before we can start considering that and that may take some time.
So for now, will continue to hold my spot while looking for potential trade entries on dips across the board.