Actually I did quite a bit of XRP charting in the past. fibs, and all. did a few bad calls, and a few good ones. a week ago, I called the weekly inverse H&S with a target of 50 cents. I posted it on TWitter, but thought to myself, this is almost impossible considering how bad XRP has been in the last 3 years. a 100% jump is insane. it happened and surpassed it. perhaps weekly patterns are at play. I use to chart with 4h and 1d charts. maybe weekly plays out better i'm unsure. but right now, charts aren't at play. Id say FOMO is at play.
currently, RSI on weekly chart is WAY WAY WAY overbought. in typical TA, this would warrant a huge correction. When we hit 45 cents, I called for a correction to 32 cents. It did not happen. when it reach 50 cents, I still called 32 cents correction. why 32 cents ? Because I remember a historical spot about 1.5 years ago where 32 cents lasted for weeks as a support until we finally broke below in a clashing bull-breaking event.
but so far, its ignoring all levels, all resistance, etc.
correction ? idk. a few minutes ago, when price was 60 cents, I was saying the next level was 0.62. 0.62 was busted in seconds as I watched the sell wall getting eaten on bitstamp.
I dont see a correction yet on the radar anymore. I am seeing an 88 cents potential target and THEN perhaps a correction in the 60s somewhere (65 cents ?), but that is not trading advice. I've never traded my own words except once. I'm not a pro trader at all.
I dont think this is the pump where XRP busts through its ATH. I just don't think thats the one. If anything, this pump is a replica of the Mar-May 2017 pump. People had to way another 7-8 months for the pump that brought XRP to its historical ATH.
meh. we will see. in the mean time. Rockets are appropriate