XRP SOARS AND THE XRP AVATAR RETURNS!🥂 Hey hey! Hope the new year has been great to everyone! It feels amazing to be back after being encased in ice for 100 years but I'm back now when the world needs me most, and for good! Short to say, the XRP Avatar is back.
🥂 Things have been nothing short of stellar for XRP the last few weeks much like a snowball headed down a hill, growing evermore as it rolls on down with nothing but positive and amazing news. Today's main driver has trumps words as he's expressed interest in the idea of creating an American strategic reserve for cryptocurrencies which could potentially include the likes of XRP, Solana and the USDC stable coin which is managed by CIRCLE. (Not to be confused with Ethereum's USDT*) I've attached a link to an article below for those that would like to.
www.coindesk.com
🥂 So that's basically been the main driver behind this rally today and why we're seeing XRP hit yearly high's as it flew over that $3 point just managing to hit $3.40 before we hit that resistance understandably.
🥂 And for technical we'll take a quick look at our minute chart where we'll be able to see that resistance:
🥂 Pretty clear that bulls are taking the lead as whales continue to save us and keep XRP from losing control or converging with that 200 EMA. We can already see how we almost lost the ball at 9:30am when we had that selloff but bulls managed to overcome sellers with crazy buying power preventing us from losing the 200 EMA. So that's been positive and we'll be looking now to that $3.38 horizontal level to watch for another possible breakout. Either way the news is running the trade today and it's nothing but positive so far.
🥂 As for support here's what I've got and what I'm watching as we lock in that support at $3.20 where we see price broke out and found support in two instances so we'll put that down as the support should we reverse or retrace. I'll set an alert for that to keep an eye.
🥂 Before I end this, just want to give thanks again. Really appreciate you guys joining me today and remember, the markets are going to be crazy the next couple days, especially as Trump gets inagurated and the market watches to see what moves he makes his first day in office with many hoping for him to take legislative action in regards to digital assets. I'll be sure to keep you guys updated so be sure to keep tuned and posted and till then, wishing all the best!
Best regards,
~ Rock '