I'm not entirely convinced a new bull run has begun in crypto, but maybe that's just stereotypical doubt talking. XRP has had plenty of pump n' dumps since the previous ATH, so it wouldn't be too surprising if that is what we're seeing.
If this is a new bull then we could be looking at the completion of major wave 2.
If this is a new bull then we could be looking at the completion of major wave 2.
Note
The strong recovery from the 0.618 fib means the possibility of this being a major Wave 2 is still very much in play, but this could still go either way. It needs a break to new highs for confirmation. It will most likely follow whatever direction BTC goes.Gamblers might want to go/stay long with a stop at $0.45774 as the upside on a break would still give favorable Risk:Reward
The more conservatives play would be to buy a breakout at $0.79 with a tight stop.
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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.