Hello all. I am Humbled to have been messaged about a question from an individual member of the community! The concern seems to be with long term outcomes/ price predictions for XRP. The question was "What will price be like in December?" Strictly looking at the chart, we can come up with a few scenarios for price action by this date. I have set these possible plays out on the chart above. The 1M is showing us a triangle structure and might act as a continuation down which would be devastating for Ripple, possibly bringing XRP to $0.10 or even as low as $0.03!. Currently the MACD is showing a possible bullish divergence and a reversal starting either this month or in October. If this triangle breaks up we could see previous all time highs revisited by the end of the year . The probability of XRP getting past $4-5 just does not seem likely on the charts let alone fundamentally speaking. Sadly at the moment this market is governed by BTC price movement, and if we see a parabolic rise again soon it could push XRP to unforeseen levels. Upper limits of this could be $8-10. Realistically, we need to see price break and hold $0.70. Once this happens we can start talking about targets between $1.00 - $2.00. I do not Believe XRP price can get above $10 without major real world ramifications.
let me know what you all think! Feel free to message me with more questions!
This is not financial advice just my opinion!
let me know what you all think! Feel free to message me with more questions!
This is not financial advice just my opinion!