XRPLong
A Years worth of Compression
Updated
It's been alot more than a Year for Ripple. With their ridiculous lawsuit off the table and the Arch Nemesis getting kicked out of his chair. It's pretty much open season from here.
We are currently at a crystal clear resistance zone and not seeing the historically normal rejection candle that shorts would pile into. Thanks to the broader market rally and the US wanting to become the crypto capital with its new presidente, I think we actually see ATH levels this bullmarket.
Coinbase just came out with their Top 50 ETF type index for crypto alts. I imagine more exchanges will follow suit. And if it is anything like a normal index ETF from the stonk market, they will be purchasing the coins listed for their reserves. Adding even more fuel to the fire.
We are currently at a crystal clear resistance zone and not seeing the historically normal rejection candle that shorts would pile into. Thanks to the broader market rally and the US wanting to become the crypto capital with its new presidente, I think we actually see ATH levels this bullmarket.
Coinbase just came out with their Top 50 ETF type index for crypto alts. I imagine more exchanges will follow suit. And if it is anything like a normal index ETF from the stonk market, they will be purchasing the coins listed for their reserves. Adding even more fuel to the fire.
Trade active
with a beautiful breakout, we are not sitting over $1.
IF, capitalize IF statement here. IF we get a pullback, the ideal pull back will be a retest of the prior high breakout levels. This will be around 85c for a solid 25-35% pullback. Totally normal in these crypto bullruns. This will coincide with a bitcoin breakout, again, or even a deeper pullback on bitcoin.
We are just getting started here.
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