XRP Reverse Chart
Few interesting points about the reverse XRP price chart:
-Prev. cycle (orange triangle) hit the 55 fib target to a tee and was exactly 2x the triangle pattern target (orange dashed line = triangle target, grey dotted line = 2x triangle target).
-2x the triangle target for current cycle (cyan triangle) sits at the 55 fib as well, which is $173.
-Both cycles made a similar triangle pattern with up trending support and sideways resistance.
-PA is nearing the end of a triangle pattern (white) created after breaking down from the cyan triangle. White triangle ends around late August at the absolute latest.
-Minimum target for both current cycle patterns (cyan and white) point towards $6.5-7 XRP bare minimum.
-My personal targets are based on the 8-21 fib levels of $25-65.
-Prev. cycle (orange triangle) hit the 55 fib target to a tee and was exactly 2x the triangle pattern target (orange dashed line = triangle target, grey dotted line = 2x triangle target).
-2x the triangle target for current cycle (cyan triangle) sits at the 55 fib as well, which is $173.
-Both cycles made a similar triangle pattern with up trending support and sideways resistance.
-PA is nearing the end of a triangle pattern (white) created after breaking down from the cyan triangle. White triangle ends around late August at the absolute latest.
-Minimum target for both current cycle patterns (cyan and white) point towards $6.5-7 XRP bare minimum.
-My personal targets are based on the 8-21 fib levels of $25-65.
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