[HIDDEN XRP? WHERE WILL IT GO?]
"To me, XRP is a mystery because of what the market makers are doing on the chart. Here, I will present 2 perspectives that I see from its chart, hoping that through my 2 perspectives, you will make wise decisions for yourself when investing in this coin:
I. Bullish Perspective (Potential Flag)
If XRP follows the flag pattern, there will be 2 areas we need to observe:
1. Upper boundary at 2.8 (if the price has a candle closing above this area => activates the flag pattern aiming towards the 5-dollar area.)
2. Lower boundary at 1.8 (if the price has a candle closing below this area, it confirms that this is not a flag pattern) and the price will drop to below 1.5.
II. Distribution at the Top.
1. The price creates a distribution area within the range of [1.9 - 2.8]
2. The price distributes from 2 - 3 peaks within this range - usually lower peaks (excluding candle wicks - daily frame).
3. After the price has completed distribution => returns to its condition range at [1.3 - 1.5] to confirm the next trend. (Usually it is a price increase again because XRP has only completed wave 1 - 2). This is also a good area to buy in.
4. *The price has reached the target of 99% from the bottom according to Fibo.
Technical indicators: 3/4 of my indicators have shown the potential for a price increase in the short term => the likelihood of testing again at 2.5 - 2.7 is very high.
*Personal Opinion:
I lean towards the second perspective. (80%)
*What to do at this moment?
1. If you bought at the top during the pullback, testing 2.5 - 2.8 is an opportunity to exit if you are worried - 50% of the capital.
2. If you decide to hold - then XRP will go back to the range of 1.3 - 1.5 (-50%) - with more DCA capital.
P/s: "If you gain profit from my analysis, I hope you will donate a portion to do good deeds, much appreciated!"