Hey so. I’m dropping another hundred now. It’s just too tasty to let go. This is not financial advice as I invest by market structure and dollar cost averaging. But this is my entry and it’s looking like a good swing high.
The reason why XRP is giving weird price action and movement is because back in 2020, it broke out of what would’ve been a sell back to an OB. It made a bearish railroad then came out of the sell off with an explosive buy. Now it’s back at that structure (to be more accurate - it’s inside of structure at the top of it)…if it breaks out this weekend to the upside,...
It’s at a position where smart money would enter but it didn’t hit the demand zone.
You could technically dollar cost average at this level and make a ton. Though if you want to wait for it to reach 700-500 then do so.
Price just hit a weekly order block. Previously the prices created liquidity in the form of a triple bottom. Since price was already headed downwards, this would be a good place to look for sells and placing take profit plots within the inbalances.
