On the weekly Log chart, XRP is following it's historical route along the origin-line since 2014, and has already landed, and held onto recent support on the origin line suggesting a possible bull run incoming.
The origin line has been used as support and resistance for as long as the chart has been around.
This could be massive news for XRP regardless of the SEC...
Indicators are looking good and ready for another small pump. Minimum target is a 40% rise from now till then!
Just a thought....Amazon, Google, Apple and Tesla have all been sued by the SEC, and look where those companies are now!!
Hodl as much, and as long as possible!
Looking at the longer, weekly chart, bitcoin has the potential to drop to the £5000 mark.
But don’t forget, we have already broken the previous resistance, and are now using that as support which is a positive.
A big moment for bitcoin, and the next direction it will take.
I’ve also highlighted the previous lows, and their respected levels.
IF....this Long trade fails, we maybe in for a big dip down to the $0.15 mark.
No indicators are positive right now, but a Long trade is highly likely.