XRP's bull/bear transition Pt. 49
Updated
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.
Note
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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