Tracking XRP/USD and XRP/BTC today, following one of the most massive selloffs in recent history. The anticipated inverse H&S is done, as well as the line of support I've been tracking over the past couple years- we'll see what happens, but in order for XRP to thrive, we'll have to see some regulations so that these institutions currently partnered with Ripple & r3 can flip the switch. IMO Proof of work and reliance on China must become a thing of the past.
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Will be interesting to see how this one plays out- 15m chartNote
That line of support was broken, sending us to much lower lows, dating back to early 2017. Not a good sign.Currently tracking potential recovery, but it's not terribly optimistic- potential inverse H&S?
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H&S failed, new tentative line of resistance/support formed. I won't be surprised if we fall further at this point without an announcement/integration of some kind
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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.