Long

Consolidation until November 2019 - New X-Mas Bullrun ?!

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I think that we could see until next week a further retest of the upper trendline at around 0,47-0,48$.

If we pullback from there I expect another Sell-Off, followed by a further consolidation in the current Multi-Year Triangle with a short lived and sharp down spike to fullfill a retest of the 0,19-0,20$ area.

So we could expect a new Bullrun at the beginning of November 2019.

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Hmm, until now, XRP follows very well my analysis. ^^"

But nevertheless, I hope that we can sustain above the 0.38$ key zone and go up.

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I hope that we can get enough buying power in the next few days, so that we can invalidate this chart. ^^""

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Looks like we are really heading to the 0,30's.

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Hit TL. :P

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Still on the way ... unbelievable xD

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Currently we are again on the long term trendline.

We should soon see an up move to at least 0.34$ region for a retest, maybe even 0.38$ (the bigger resistance level).

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PS: 0.34$ aligns currently perfect with the 21EMA and 0.38$ with the 200EMA.
So, be cautious and don't get rekkt when you are currently shorting. :)

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Price by EOY:
Because some of you asked me: Where do you see the price by the end of the year?

To be honest, its more in my favour to expect a bit lower price instead of a too high one, BUT I hope to see at least 2$ per XRP this year.
Possible are also ATHs and beyond, because the current price action moves directly in our favour, but I am still a bit cautious of ATHs, because we have to consider the Bitcoin Halvening in May 2020.

But when ATHs are broken, than we will likely see 5, 7 and even 10$ easily per coin.
But let's see how this plays out: The potential of XRP is enormous. :)

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Do you notice how quite well the marked, red zones aligning with the Fibs and the EMAs?
Even if we see a pullback to 0.618 Fib at 0.407$, we have still enough time for further downside movements back to the blue multi year trendline and even rapidly, manipulative spikes under them.

For now I am awaiting some retests from 0.34-0.38$.
From there we can investigate the further movements.

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Still awaiting a retest at higher levels.
First 0.34$ and then 0.38$. :)

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The BIG DROP comes a bit earlier than expected. :O

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Currently I am out of my XRP positions, because I observe the market with caution.
There is a huge further drop potential until now, even with a possible Fakeout to my marked 0.19$ in the main analysis.

Therefore I just sit back and watch the market at the time being. :)

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The drop isn't over. :D

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We are still on track and didn't touch the 0,19$ until now, which I think can happen very soon in a rapid move.

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XRPs time for decision is getting closer and closer.
I think we will see a volatile move in the next 2-3 weeks. :)

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You all are ready to shoot up? :)

Kelthogar

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