XRP.D What does it say?
Let's make this clear that dominance chart does not necessarily indicate pump or dump.
Now here we have falling wedge and descending triangle scenarios separated with an important level.
Closing below the level could result in failure of the falling wedge scenario since it will be considered as strong resistance.
Now what? If the bullish scenario or a similar situation happens then XRP is something to keep in mind.
But if this chart goes bearish then XRP isn't something that you want to invest in even if crypto is heading a bull-run (well unless you short it).
I myself choose the descending triangle scenario but let's see.
Now here we have falling wedge and descending triangle scenarios separated with an important level.
Closing below the level could result in failure of the falling wedge scenario since it will be considered as strong resistance.
Now what? If the bullish scenario or a similar situation happens then XRP is something to keep in mind.
But if this chart goes bearish then XRP isn't something that you want to invest in even if crypto is heading a bull-run (well unless you short it).
I myself choose the descending triangle scenario but let's see.
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