$XRP - 1M - Long - 1:8 RR

Entry: 0,45
Target: 1,88
Stop loss: 0,27

Risk/Reward 1:8

Why? Let me explain below. Here's a look at the near-term scenario:

If you want to understand where the price is going, open the global chart. Can you find any patterns?

First, you can see a huge triangle forming.
Something similar happened from 2014-2017, and that's when a massive increase of over 4,500% occurred.

But!

Before this event, there was a liquidity gathering lower at the base of the triangle (please note the small triangle), and then boom - a huge upside.

Now we are in a similar situation where the asset is being accumulated by the big whales and getting ready to head to the top. So, I would take this opportunity to consider entering a position at 0.45 with a relatively short stop.

The price may take liquidity at 0.30 or so before rising.
Our target is the ATH zone.

And also there is another point of view that with a horizon of several years, the price can reach 20$, which is hard to believe.

But we can't know how much new capital will flow into the market, especially given current capitalization and issues with regulators.

For now, we will focus on more realistic targets. That's my vision.
If you have any thoughts on this, please write in the comments.