My last post regarding XRP was the "Defensive" one. This one is something else.
The price action is showing some abnormal signs of recovery. Weekly is right now looking the best it has looked in ages. If we zoom out and go to Monthly, we can truly gauge the intensity with which XRP has been bought at the last demand level. With this being said, I would like this weekly to close above 6k sats. Closing at that price range would produce a hammer reversal candle in the MONTHLY, provided that the price action stays in the range until the month-end. That would be the amazing price which could also be used as a tool for longer period trading longs on XRP/BTC.
I will be looking forward to this setup forming. Shall I have it, then I will enter a heavy long there.
Let's see how this unfolds.
Cheers, RUGOVA
The price action is showing some abnormal signs of recovery. Weekly is right now looking the best it has looked in ages. If we zoom out and go to Monthly, we can truly gauge the intensity with which XRP has been bought at the last demand level. With this being said, I would like this weekly to close above 6k sats. Closing at that price range would produce a hammer reversal candle in the MONTHLY, provided that the price action stays in the range until the month-end. That would be the amazing price which could also be used as a tool for longer period trading longs on XRP/BTC.
I will be looking forward to this setup forming. Shall I have it, then I will enter a heavy long there.
Let's see how this unfolds.
Cheers, RUGOVA
