XRPLong
Maybe a reversal at hand, but lots of ifs
Updated
The biggest question mark is will BTC find a bottom? If it can, the trend vs BTC looks pretty good - XRP is the best performing major crypto over the last month. However XRP needs to break back above .25 into that .25 - .264 channel, then break above that, then break the upward line of the falling wedge. If all of those things are going to happen, it could be a strong uptrend intermediate term. The whales determine the trends, and they may have positioned themselves to support the price here, but thats speculative. it will require global markets to rally as well, which I think is likely after a pullback.
Note
I'm pretty skeptical here, not an impressive bounce. BTC looks even weaker, and XRP may just act as a hedge on continued BTC weaknessNote
Continued up despite BTC weakness, 3 out of 4 of the 'ifs` accomplished - can it break out of the wedge too?
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