Something feels a bit off with all this SEC fud for xrp. First off, looking at the top .01% of XRP accounts, they are accumulating more XRP (seen here ledger.exposed/rich-stats ). Do they know something we don't know? Everybody else is in panic mode and has either sold, will sell soon, or is shorting. The news and twitter are all posting extreme bearish content including xrp is dead. What's so dumbfounding is on every single high time frame there is bullish divergence on the RSI for XRP/BTC. This includes the 1 day, 3 day, and weekly RSI. Seen down below is the 3 day and weekly (daily is the chart above):
charts.cointrader.pro/snapshot/bsn0E
This rarely happens for alt/btc pairings. This is something to keep an eye on in the coming future. XRP has gone up to 20k sats before twice. If it goes that high again that's about a 23x move which you do not need to be right often to make a profit. To break even you have to be right 1 out of 24 times now. To me this feels like capitulation of everybody holding xrp long term and the whales to pick up cheap xrp before the big run starts. Time will tell.
This is not financial advice. This is just my opinion
charts.cointrader.pro/snapshot/bsn0E
This rarely happens for alt/btc pairings. This is something to keep an eye on in the coming future. XRP has gone up to 20k sats before twice. If it goes that high again that's about a 23x move which you do not need to be right often to make a profit. To break even you have to be right 1 out of 24 times now. To me this feels like capitulation of everybody holding xrp long term and the whales to pick up cheap xrp before the big run starts. Time will tell.
This is not financial advice. This is just my opinion
Comment:
More US exchanges said they're delisting yesterday and day before. PA hasn't done much. I think everybody that wanted to sell has sold