As expected, XRP is coming down in price and I believe will ultimately align with the long standing support established in 2017 leading up to the boom in December. We're aligning with that price on 8/4 provided we stick with the current bearish trend, which I believe is the perfect buy set up, and lowest low we'll ever see for XRP moving forward. Based on my expectations for the price of the upcoming boom, this means a 430/1 risk to reward ratio. Whew.
Let me know what you think!
Let me know what you think!
Comment:
I find it interesting that the current intra-bar bearish trend (the red line pictured) points to the collision of the lines I highlighted. Perhaps more evidence that this is the target for some bears.
