Ripple (XRPBTC) just printed a lower low compared to May 2020... We've seen altcoins produce a strong comeback lately right after breaking below support.
The same level XRPBTC hit earlier today and yesterday as support was also hit 3 years, back in December 2017.
This lead to a very strong bullish wave. Here is the chart:
When you look at the ATL back in Dec. 2017, we can appreciate a bullish wave of 1148300%... If we look at the mid-Dec. low, then we have over 1540%.
Right now, XRPBTC is bouncing off this same support level so a strong bullish wave can potentially follow.
Remember that you still need to build a plan/strategy before you trade. Use a stop-loss and be patient.
Always diversify and take your time before taking any action.
Patience is absolutely key.
Namaste.
Note
Let's have a look at Bitcoin and see what it has to say. I will share another update on Ripple (XRPBTC) but on the daily timeframe.
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