This dip was necessary for XRP's next move up. XRP has spiked up aggressively in price 2 times already, pumping up for the third.
Both times the price has respected the trendlines on the way up, this time the whales have suppressed the price below the trend all the way down to the monthly.
I know it sounds wrong saying this on a day we're down 12%, but now price is ready to move up.
This is pure capitulation.
Also take a look at the RSI , 1st and 2nd peak were both hovering right at the bottom, 30; this time it's been below 30 and oversold for about 4 months.
This is crazy for me to say but we're weeks out from $XRP spiking up in price.
We've all been waiting for this, but now all its gotta do is break that downtrend..
Middle of Sept-Oct. will be good to us.
I linked my previous $XRP chart, which also confirms 1 more month of accumulation before the move up. Feel free to check that out.
Both times the price has respected the trendlines on the way up, this time the whales have suppressed the price below the trend all the way down to the monthly.
I know it sounds wrong saying this on a day we're down 12%, but now price is ready to move up.
This is pure capitulation.
Also take a look at the RSI , 1st and 2nd peak were both hovering right at the bottom, 30; this time it's been below 30 and oversold for about 4 months.
This is crazy for me to say but we're weeks out from $XRP spiking up in price.
We've all been waiting for this, but now all its gotta do is break that downtrend..
Middle of Sept-Oct. will be good to us.
I linked my previous $XRP chart, which also confirms 1 more month of accumulation before the move up. Feel free to check that out.
