XRP falling wedge likely to break out this month
I am seeing a potential falling wedge reversal for XRP as per chart above.
XRP's addition to coinbase was not really reflected in the market. Likely it has been priced in and there are other fundamentals that far outweigh XRP.
Also, I believe that XRP is highly manipulated by the banksters that own it, so I don't look at TA below the 4 HR timeframe. I do think that it's harder for them to push around the price outside of small movements.
Therefore I think the falling wedge is pretty clear and we could see a run. If not, we will fall to one of the blue supports for an attempt at price discovery.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
XRP's addition to coinbase was not really reflected in the market. Likely it has been priced in and there are other fundamentals that far outweigh XRP.
Also, I believe that XRP is highly manipulated by the banksters that own it, so I don't look at TA below the 4 HR timeframe. I do think that it's harder for them to push around the price outside of small movements.
Therefore I think the falling wedge is pretty clear and we could see a run. If not, we will fall to one of the blue supports for an attempt at price discovery.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***