✴️ XRP Legal Woes... Quick Update!
The chart is bearish so we've been bearish for a while... The chart will always show you what is coming next.
For example, if Ripple is engaged with the SEC in a legal fight and set to win, the chart would show bullish signals before the actual results are in, we saw this clearly last year.
The XRP chart showed a multitude of bullish signals for months preceding the court ruling that favored Ripple over the SEC, so we could make a "guess" or bet that XRPUSDT would win, because the chart was pointing up. In reverse, if the chart is pointing down then Ripple might have a setback soon, that is what I see coming from the chart right now.
I see a longer, harder and stronger retrace or "correction" affecting this trading pair and while the reason it goes down can vary, since Ripple is mixed up in court with the SEC this might be the catalyst that produces the next major lower leg.
Another drop but nothing that we have not been expecting... This shouldn't be a surprise.
I will share updates and change my views if the markets conditions change.
When bullish bullish, when bearish bearish... There is no room for hoping in this game.
XRP Likes extremes... With such a huge and flexible supply, it can produce strong swings.
Don't be surprise if the outcome is worst than what you expect. Remember, these people are playing for money, so they will make money at every chance they get.
They make money on the way up but also on the way down.
They won't be crying for seeing it drop, they will be the first to sell.
Can't say this is bad, it is just the way it is.
But what about you, what will you do?
This is a pair to trade, definitely not a project to hold long-term value... I would consider it great to ride the waves... Up and down, up and down... We are currently riding a correction or down wave.
Thanks a lot for your continued support, it is what inspires me to continue writing every day.
I hope you find this information useful or in the least entertaining... You can always come back for more.
Namaste.
For example, if Ripple is engaged with the SEC in a legal fight and set to win, the chart would show bullish signals before the actual results are in, we saw this clearly last year.
The XRP chart showed a multitude of bullish signals for months preceding the court ruling that favored Ripple over the SEC, so we could make a "guess" or bet that XRPUSDT would win, because the chart was pointing up. In reverse, if the chart is pointing down then Ripple might have a setback soon, that is what I see coming from the chart right now.
I see a longer, harder and stronger retrace or "correction" affecting this trading pair and while the reason it goes down can vary, since Ripple is mixed up in court with the SEC this might be the catalyst that produces the next major lower leg.
Another drop but nothing that we have not been expecting... This shouldn't be a surprise.
I will share updates and change my views if the markets conditions change.
When bullish bullish, when bearish bearish... There is no room for hoping in this game.
XRP Likes extremes... With such a huge and flexible supply, it can produce strong swings.
Don't be surprise if the outcome is worst than what you expect. Remember, these people are playing for money, so they will make money at every chance they get.
They make money on the way up but also on the way down.
They won't be crying for seeing it drop, they will be the first to sell.
Can't say this is bad, it is just the way it is.
But what about you, what will you do?
This is a pair to trade, definitely not a project to hold long-term value... I would consider it great to ride the waves... Up and down, up and down... We are currently riding a correction or down wave.
Thanks a lot for your continued support, it is what inspires me to continue writing every day.
I hope you find this information useful or in the least entertaining... You can always come back for more.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
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.