To our target is another 8 more to go, which means that are roughly at a 10 yeah more to go before xfp hits all its targets know before it hits target number one. You'Re number one is 8 okay, so we're expecting more downside to come for XR p, things are looking very weak yeah, it is very weak and it still looks very weak for XR p against BTC has been in in the house move. I was expecting a bounce and coming, but the pounds has yet to come. Maybe after we take out a target number one first and then only we get a bounce back up for extra P against PDC. So at least one more time we still know aunt Alicia. So we've been very, very patient and we are waiting for a high quality. Cha patent was no actually, though, the the high quality Tibetan was this year and we have really broken the neckline. Once you break the neckline pump, it's a sayonara moments yeah, and so your ex RP wheels. Are he pulling the price level? Probably they might accumulate it's a cheaper prices yeah before they make a push towards the upside. We may not hit tavern number. Two though we may just hit target number one, and after that we make a reversal of sorts yeah. This could be a inverse head and shoulders set up. Do you see it? This will be a left shoulder. This could be a hit.
Let me go get a right shoulder over here boom. Then we blast off there'll be great if that happens, really truly absolutely great it's, just a ton we're not going to be rushing into anything, because we are still not entirely sure what the plan is. If X, our peace plan is to take out the lows over here and go into new all time lows then very likely we will be hitting target number two, but of course all of this depends upon Bitcoin. If Bitcoin does collapse, then very likely surfy is going to collapse together with bitcoin for some reason yeah. I think it very likely be collapsing together with Bitcoin so watch out, for that be very, very careful about going into a trick too soon, because you don't know how much lower you are going to go very likely. You know if you are a true blue believer of XRP. You will wait for XR peace wills to be done, doing their thing, press, which means that we also need to poo the price level first before pushing it up right. So so will you want to make profits and to make profits? You want to buy things when they are at the lowest and to buy things at the lowest. You have to pull the price down and to pull the price down. It takes a lot of time. So you need to give the wheels of XRP time to do their thing for us any once you see volume start to come in huge volume, right, huge green volume and huge green candlesticks, which you know push the price higher.
Then you know that the wheels are already in plate right now the wheels as you know, and clay, yet they are still pulling the price lower. Look at the amount of volume you just look at that it's, like a ghost town right now for SRP against VDC. When it rises, look at the volume right, that's, a sudden spike of volume right look over here, just kind of volume here when things get interesting, you will see volume coming about at least one time. Where is the volume? Where is the volume yeah it's? Not here? So just be patient all right be patient if it's worth having is worth waiting. Let'S go to x, RP against USD body. For that, please give this video a like if you enjoyed it subscribe to the channel, and let me know what you think why I stopped in the comments below so far. I stopped e last week's comments first and Jessie says scary, you're hysterical. Thank very much remember. If I'm, watching comedy or technical analysis is a comedy analysis, yeah first skin, even on the USD T pairing just like a triple bullish divergence, I don't see it. I don't see it. I don't know what you're talking about. I don't know why you're talking about buddy, I don't – I don't see it. I just don't see it Western that's the triple: I don't see it Cheston haha, yes, yes, extra P would be glorious one fine day, one fine day, skinny going to the moon one fine day, Anthony, says bank money that's what we Trin says: I'm sipping on six Cents he goes to six cents, I'd, consider getting some and so serious a sweat on XRP.
What on the street XRP is the coupling from PTC Wall Street Wall Street? Can you point me to that Street? Please, Abraham says, love your analysis. Thank you very much. Vince. This I've buddy – this is a video bank money me see, says: where do I learn how to read shots and make educated guesses on trading? You got ta get a book for that anyway. The book that I'm, using is the technical analysis explained by marching J Pring. Can you see it yeah, so I have a link to it below on Amazon as a referral link to Amazon in the descriptions below you know, you can check it out so feel free to use it. It doesn't cost you anything extra and we earn a little bit of a commission so essentially up to you. This is a very good book. Technical analysis explained mine is a third edition. It has 500 pages. If you were to get the one on Amazon, it would be the fifth edition. Yeah sofie's edition has 800 pages, so you have 300 pages extra from me right. The answer says you speak French, really well, really really. Okay Nicolai says I don't know what to think of XRP. Some people are saying the S repute. In a few years they say digital versions of currencies are coming sooner or later. If banks can do cross border digital payments, what would they use XRP for? But, on the other hand, I'm invested in me because it had one of the biggest games in the last bull run, and maybe it will happen again.
Yeah the last we run, everybody was actually gaining everybody. All the crap coins were also making big gains. So you need to do your own research first and you need to get your fundamentals right about XRP before you, you know not just for ice or people for any other coin. You need to get your fundamentals right before you make an investment as Warren Buffett. Oasis. Never invest in something that you do not understand. So there you go all right, so let's move on do XRP against USD so for xrp against USD, which you have a target. Six. We ever go down to six cents. I don't know it's still a very long way to go to six cents it's like 62. I don't know if you're gon na drop six cents or not, but we will have to see whether, if you're gon na drop six cents it's just that right now, I see you don't see any foolishness for XRP. If anything. If you look very carefully on the bigger timeframe, we are we always looking at that daily. If you sue me like, we are curving back down right. So the question is: how much lower are we going to go? Let me just pull out the Fibonacci expansion. If you burn at the extension, so if you pull up yeah, you will see that potentially we are gunning towards 0.618 right. We have already passed 0.38, we already passed 0.5, so the next level is 0.
618, which is sub 16 cents. So you know feels to me like potentially the XRP wheels would move towards 0.618 it's, just that you know this isn't exactly a very fast, highly volatile, moola that's coming in for XRP against USD right previously in februarymarch. This was really fast. This one was faster, but where is the there's? No speed right? So this is a very control move towards the downside and you want very controlled moves, because this means that preparations could actually be made for XRP to reverse back up. Yes, this could become ascending triangle, shots right. We could get really see a series of valleys and then we break towards the upside right. We could also come back down a little bit lower and then we can form five wave squeeze structures over here yeah and then we could be blasting off as well, so things are still very uncertain, but I'm still feeling bearish right for XRP against UST. I feel like there's, two more down side to go and probably a little bit more before we see any sort of a bounce coming, but if BDC starts collapsing, then for for sure XRP is gon na start collapsing as well, so be very, very careful about going Into a trip too soon, because you just don't know how much lower XRP is going to go, you want to wait for B green volumes first before doing anything that's what I would do, but of course it's your money, you decide when you want to buy.
You can buy now if you want, or you can wait for it to drop us or yes entirely up to you. Don'T use your money buy this. For me, I will wait for signs of bullishness first before committing into a trade for XRP. All right, I guess, is it for my next repeat technical analysis. Thank you very much for watching. I hope you enjoyed it.