Updated "Circle of explosion"
Found a lot of volatility in previous CoE post during the green circle as several trendlines collided and the market is trying to determine what direction XRP will ultimately go following this dip.
Ultimately I believe that as the first trendline (admittedly the most optimistic) failed, my hope is that XRP will pick up on the orange trendline as a direction, however if it fails, purple will be a support.
Failing that, we resort to the larger older trendline, and support happens around $1. I would be very surprised if it does fall that far.
Ultimately I believe that as the first trendline (admittedly the most optimistic) failed, my hope is that XRP will pick up on the orange trendline as a direction, however if it fails, purple will be a support.
Failing that, we resort to the larger older trendline, and support happens around $1. I would be very surprised if it does fall that far.
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