XRPLong
Bear Trap or Dead Cat Bounce?
XRP has just broken below this movement's supporting Trend line, showing a sign of weakness after an already historic rally, climbing from 7 year depths to just shy of it's ATH within just a month.
The question now is if what we're seeing now is the start of a dead cat bounce, that will see XRP return to retest $2.00. Or, perhaps XRP bulls are just taking a pitstop to eat the Bear's lunch, before blasting off to Mars!
Personally, I'm long. What about you?
The question now is if what we're seeing now is the start of a dead cat bounce, that will see XRP return to retest $2.00. Or, perhaps XRP bulls are just taking a pitstop to eat the Bear's lunch, before blasting off to Mars!
Personally, I'm long. What about you?
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Disclaimer
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.