XRP is still bullish
XRP holders undoubtedly get the most hate. Court case makes things seem even more uncertain.
However...
1)We are holding the daily trendline. With Multiple touches, I'd normally get worried if a trendline keeps getting hit. But XRP is taking the punches very well, as shown by the long wicks - buyers are stepping in.
2) XRP took the stops hidden below the lows of October 21st 2020
3) Price took a dump, leading up to our new "starting point". XRP holds the trendline and has a chance to build again. I am seeing higher highs and Higher lows.
4) XRP is ready to break the highs formed on November 24th 2020. Breaking below this trendline invalidates this. If we break above 64c, XRP is on its was to $1
This is not a trade suggestion. But more of a big picture directional view of what XRP is doing and where XRP is going.
However...
1)We are holding the daily trendline. With Multiple touches, I'd normally get worried if a trendline keeps getting hit. But XRP is taking the punches very well, as shown by the long wicks - buyers are stepping in.
2) XRP took the stops hidden below the lows of October 21st 2020
3) Price took a dump, leading up to our new "starting point". XRP holds the trendline and has a chance to build again. I am seeing higher highs and Higher lows.
4) XRP is ready to break the highs formed on November 24th 2020. Breaking below this trendline invalidates this. If we break above 64c, XRP is on its was to $1
This is not a trade suggestion. But more of a big picture directional view of what XRP is doing and where XRP is going.
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