Good evening ladies and gentleman, it is my pleasure to be allowed to entertain you today.
This is the short-term chart for XRPUSDT, 1H and what do we have here?
Notice the volume how it is low as prices move higher, slowly surely, creeping higher yet no resistance and thus low volume.
Notice how the volume increases on the drops/lows, buyers coming in, they want some more.
After the low 16-June we have a rising channel which doesn't mean much because this is short-term but, the bulls continue in control, dominance of this chart with new support levels being established along the way.
There is so much positivity about Ripple winning, so much support from the community, Crypto community which is great but what happens if instead of a win we get a loss?
Have you contemplated this scenario?
All hell breaks loose... Cryptocurrencies become the new anthrax, instead of companies now people are being attacked, anybody who has an app on their phones to either send or receive cryptos becomes a terrorist and needs to be shot or jailed on sight...
Life sentence for those buying Shiba Inu, Floki Inu, Pepe, Doge or anything that isn't owned by some multi-billion dollar Wall street and Government supported firm... "Omg, they have an icon with a dog on their phone, it is illegal, shoot!"
I am just kidding of course but if the SEC win, expect to see them attacking people next and who knows how far they will go.
One thing is certain, they love power and control.
Let the people innovate... It is big and beautiful world.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.