Building a head and shoulders formation. broke resent trendline to ATH. people realizing after all this twitter facebook...posts, thatt XRP is overvalued AF!
Imagine the CEO selling 1 Billion XRP every Month at this prices would make him richer than Mark Zuckerberg...Amex and other banks are using ripple TECH. wich does not mean they are using their token (XRP) at the moment xrp may be a great tech, but the community doesnt like the idea of a centralized coin beating every other coin. So if people start selling because they realize that the marketcap is much to high, this could end in an avalanche ending at the beginning of the mountain...
Possible correction to 0.5-1.0$ in the worst/best case!
Imagine the CEO selling 1 Billion XRP every Month at this prices would make him richer than Mark Zuckerberg...Amex and other banks are using ripple TECH. wich does not mean they are using their token (XRP) at the moment xrp may be a great tech, but the community doesnt like the idea of a centralized coin beating every other coin. So if people start selling because they realize that the marketcap is much to high, this could end in an avalanche ending at the beginning of the mountain...
Possible correction to 0.5-1.0$ in the worst/best case!
Comment:
forgot to meantion the bearish divergence.
Comment:
H&S confirmed...next target 2.70$