XRP/USDC - (BUY) XRP reached 1,2540 and keeps upside potential to 2,25

Market & Ticker: Ripple – XRP/USDC 

Date: 18/11/2024 
 
Horizon / Timing:  Tactical Mid-term / 1 to 3 months 
 

Scenario:  
 
According the recent result in US election (trump), we do expect a larger XRP adoption abroad pushing the Ripple token to next upside potential. 
 
As long as 0.82 on a long run a larger move is expected to 1.70 before 2,25 
 
Update : The first resistance at 1,2540 has been reached and support is adjusted at 0,82 

Technical Key Elements: 

- Auto similar move potential shows target at 1,70 
- RSI indicator already confirmed the bullish momentum and keeps potential to the upside 
- The Moving average are support 
- Fibonacci key support is adjusted at 0,82 while the Elliot wave shows upside potential towards 1,70 and 2,25 

 
Trade Idea conclusion:  Buy  

Target 2: 2,25 

Target 1: 1,70 

Tactical support: 0,082 (Daily close) 

Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 

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