Hello dear traders!
here are a few thoughts about the so called controversial XRP
XRP has been forming a triangle in which i personally think (If and only if BTC holds its price or goes higher) would break for the upside, the pump we saw last month was so large and volatile that it not being sustainable was clear as water! with current RSI at 48.31 the bears do have a bit of an upper hand,
furthermore if the bears could break the triangle they could go as low as 1$ in which with a couple of bad news in the market and most importantly BTC seeing 40k (or lower) they bear trend would continue as low as 0.70$
On the contrary, as shown on the chart if everything goes well, we could see a bullish breakout in order to see the ATH once again, with a potential ATH at 2.62$
happy trading everyone!
nfa
here are a few thoughts about the so called controversial XRP
XRP has been forming a triangle in which i personally think (If and only if BTC holds its price or goes higher) would break for the upside, the pump we saw last month was so large and volatile that it not being sustainable was clear as water! with current RSI at 48.31 the bears do have a bit of an upper hand,
furthermore if the bears could break the triangle they could go as low as 1$ in which with a couple of bad news in the market and most importantly BTC seeing 40k (or lower) they bear trend would continue as low as 0.70$
On the contrary, as shown on the chart if everything goes well, we could see a bullish breakout in order to see the ATH once again, with a potential ATH at 2.62$
happy trading everyone!
nfa