XRP just hit a new all-time high and this is truly awesome if you hold this pair, if you were bullish before the breakout, if you bought LONG, etc. It is also good if you are an analyst looking for clues that will tell you what will happen to the Cryptocurrency market in the near future.
Remember that XRP moved early to start this cycle and it moved strongly. Right now, it is moving early and strongly again in comparison to many other pairs. This tells us that the rest of the market will follow.
I saw very strong bullish action across many pairs but I also saw many pairs staying behind; below their April's high. Now, what happens next?
XRPUSDT made a stop after moving beyond its 16-January 2025 high. This is pretty normal behavior. After a strong rise, there is always a stop, retrace or correction. We do not expect a correction to develop now because the consolidation period was very long, strong and prolonged. So we don't have to worry about that one.
A retrace is possible but having one would be small and short-lived. Finally, a pause is the most likely scenario. A pause can range between 3-9 days. That is, that amount of time before additional growth.
The final possibility is the market moving straight up. Since we have a 126% rise since the 7-April low, we don't give much credit to this scenario. The top choice is a small pause before additional growth. The important part is "additional growth." This is what will happen. This is what comes next. XRP will continue growing. Boost if you agree.
Namaste.
Remember that XRP moved early to start this cycle and it moved strongly. Right now, it is moving early and strongly again in comparison to many other pairs. This tells us that the rest of the market will follow.
I saw very strong bullish action across many pairs but I also saw many pairs staying behind; below their April's high. Now, what happens next?
XRPUSDT made a stop after moving beyond its 16-January 2025 high. This is pretty normal behavior. After a strong rise, there is always a stop, retrace or correction. We do not expect a correction to develop now because the consolidation period was very long, strong and prolonged. So we don't have to worry about that one.
A retrace is possible but having one would be small and short-lived. Finally, a pause is the most likely scenario. A pause can range between 3-9 days. That is, that amount of time before additional growth.
The final possibility is the market moving straight up. Since we have a 126% rise since the 7-April low, we don't give much credit to this scenario. The top choice is a small pause before additional growth. The important part is "additional growth." This is what will happen. This is what comes next. XRP will continue growing. Boost if you agree.
Namaste.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
🚨 TOP FREE Trades
»ETH +1340%
»AAVE +1134%
»XRP +749%
»DOGS +868%
»BTC +563% 👇
t.me/anandatrades/1350
🚨 FREE Quality Content + 🏆New Results
t.me/masteranandatrades/6499
🚨 PREMIUM LIFETIME
lamatrades.com (Since 2017)
»ETH +1340%
»AAVE +1134%
»XRP +749%
»DOGS +868%
»BTC +563% 👇
t.me/anandatrades/1350
🚨 FREE Quality Content + 🏆New Results
t.me/masteranandatrades/6499
🚨 PREMIUM LIFETIME
lamatrades.com (Since 2017)
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.