We are now above the Ichimoku Cloud and looking bullish on the daily with $0.27 acting as support within the cloud.
A close on the daily above about $0.305 should pump us above the 0.382 and 0.5 fibonacci levels to around $0.36 or higher. If we then see the 0.618 fibonacci level of $0.40 broken then I feel we can easily push up to $0.50 or higher depending on Swell hype and news.
This is the short term view heading towards Swell in 7 days. I feel if we can get a daily close above this $0.305 area then we should head to $0.36 with little resistance. If this gets broken then $0.40 is next resistance followed by $0.50. Bigger the Swell news bigger pump.
only thing that worries me... would be a btc dump and that cloud support you speak of is hairline thin
CryptoShamTV
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Yes that definitely poses an issue. If bitcoin can hold or pump then I feel big gains for XRP. But if bitcoin drops then the support of $0.27 has to hold. Depends on the extent of the btc drop I suppose