Technical analysis by joe26130 about Symbol XRP: Buy recommendation (3/20/2024)

XRP Time for a retrace? Seems to be moving in a downward wedge. Expecting to break through shortly to upside. Maybe a retrace of 61.8-78.6% (targets 68c-70c) of the recent move a week ago that saw 74c hit. Then possible visit down to 55-50c?Preparing some sells in the 84-90c area incase the move is strongCould be an incoming rapid upside move and more than a retrace of recent 74c. Keeping an eye on the 84c - 90c zone. Related chart in my profileShowing strength still so am not expecting any downside until after a large upside move to 84c - 90c zoneCurious to see how the weekly candle will play out over the next 24 hours. Also over the next few days I would like to see a pump (short squeeze/ fomo) to break the recent high of 74c and head to the 80-90c zone but am keeping options open for an irrational pump to areas $1.30-$1.40Bitcoin has potential to surge towards the $80-85k zone and even break past this to the 120-140k zone. Keeping an eye on it. For XRP I have a target of 1.20-1.40 so those ratios between the 2 pairs kind of work as well, considering BTC's recent 73K and XRPs recent 74c.