XRP has recently show solid signs of price reversals. We have to understand that nothing goes up or down in a perfect strait line (unless a massive short squeeze, which is never sustainable) so pullbacks are normal. This has a lot to do with a BTC and until it goes into a retracement we will not see an alt season.
Even though BTC could actually dip a bit further though not below 29k i don't think altcoins will set new lows. I see XRP revisiting of the lows at $0.60 area before reversing upwards. Don't get scared we will get through this together. ;) meanwhile ... buy the dip while you can (of course not a financial advise).
Also breaking above the green trendline AND .702 / .786 fib. retr. lvl. and back test of it, could mean a parabolic rise eventually, but we will talk about it when we get to that.
DISCLAMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
XRPUSDT
Even though BTC could actually dip a bit further though not below 29k i don't think altcoins will set new lows. I see XRP revisiting of the lows at $0.60 area before reversing upwards. Don't get scared we will get through this together. ;) meanwhile ... buy the dip while you can (of course not a financial advise).
Also breaking above the green trendline AND .702 / .786 fib. retr. lvl. and back test of it, could mean a parabolic rise eventually, but we will talk about it when we get to that.
DISCLAMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
XRPUSDT
Comment:
Looking at a 30min time frame you can see that we've been weirdly trading sideways in a VERY tight range for 2 days (5. feb - 7th), so it is logical to back test it for the final last time.
