XRP Looks Horrible
SEC news absolutely nuked XRP
My two theories, have a building bear flag so may get a little upside wave followed by a greater downside wave
Or it drops and finds support at 0.24 where it could from a flat bottom triangle - would be quite bullish for XRP
If that level is lost though I think there will be heavy buyers at 0.20 but I would still stay away as it won't climb much higher because of the uncertainty
My advice: don't trade this until the SEC news is sorted as it is very up in the air (very limited evidence) as to whether ripple will win the case or not - looks unlikely ripple will win in all honesty!
My two theories, have a building bear flag so may get a little upside wave followed by a greater downside wave
Or it drops and finds support at 0.24 where it could from a flat bottom triangle - would be quite bullish for XRP
If that level is lost though I think there will be heavy buyers at 0.20 but I would still stay away as it won't climb much higher because of the uncertainty
My advice: don't trade this until the SEC news is sorted as it is very up in the air (very limited evidence) as to whether ripple will win the case or not - looks unlikely ripple will win in all honesty!
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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.