Drawing lines on a chart doesn't turn speculation into science, regardless of how many "double bottoms" are identified. This is merely an attempt to sell certainty in a market governed by noise and sentiment.
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Deep Dive
XRP: a shocking change of events coming…Added:
What's up XRP holders, guys? Is this what we are seeing right now? The beginning of a huge pump to the upside for crypto, or are we once again all getting fooled right now?
And will we break back down? Guys, in today's video, I want to give you the answer because there is one thing right now happening in the chart of XRP which I need to talk about. I need to show you this so that you are well prepared for the next big move here for crypto.
Is it up? Is it down? I'm going to share the price targets with you, my expectations. Let's get straight into it. Don't forget to like the video, of course, if you're still here. And let me get straight into the content. And guys, before I actually show you this chart, you remember that in yesterday's video, we spoke about this big falling wedge which is right now breaking out here on the weekly time frame for XRP, which is absolutely bullish. But in this video, I want to show you what is actually happening here in the immediate short term here for XRP. And you can actually see this very nice double bottom. This is the daily time frame, guys. So, what you're seeing right here is a W double bottom formation for XRP. We have a specific price target. We also have a specific neckline. And XRP basically needs to break above this neckline to confirm a huge run towards the upside. So, as long as that is not happening, as long as we're not breaking that neckline, this could still be a fake out. We can still go lower here in the immediate short term. So, let me now show you what needs to happen here for XRP in order for me to flip extremely bullish in the immediate short term here. And you can see that the neckline of this W formation is somewhere around, I would say, a dollar 50.
You could say 148 if you want to be less conservative, but I would say 150 for XRP. If we break that on a daily close, then yes, we could see a rapid escalation higher for XRP. From off the neckline, we are talking about a move of 22% almost, which is really massive. I mean, guys, if you use a 10x leverage, that is almost a 3x on your money. And you can see that the target is perfectly aligning with previous rejection points, November 2025, December 2025, sorry, support points.
And if we zoom out more, then you can also see there was a lot of volume traded here in the past for XRP. So, that is my first major price target if we break 150. And yes, on the higher time frames for XRP, we are still breaking out right now on the weekly time frame. So, I'm still targeting the top side of this falling wedge pattern for XRP, which is all the way up at $3.60 roughly. But this is not for the short term. This is something for the next few weeks, possibly next few months for XRP.
Guys, I'm already in long positions. I'm sharing all these positions, the take profits, the entry prices in my Patreon.
Check it out. Link down below. If you want to buy or trade your crypto, check out Youbit. Big deposit bonuses right now. Click the link, register, deposit, and claim these bonuses for free. For now, I want to thank you all for watching for the support. See you very soon in another one. Bye-bye.
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